The University of Utah has received official approval to rename its College of Business after the late Utah business giant David Eccles.

The state Board of Regents approved the name change in its monthly meeting, held at Dixie College Friday.The estate of the late Emma Eccles Jones, daughter of David and Ellen Eccles, donated $15 million to the U. business school earlier this month. She died shortly before the donation was made public.

The name change will become effective in 45 days.