{"code":"CORP","codeName":"Corporations Code","section":"9250","citation":"Corp. Code, § 9250","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]","url":"https://blackletter.si/corporations-code/title-1/division-2"},{"name":"PART 4. NONPROFIT RELIGIOUS CORPORATIONS [9110. - 9690.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-4"},{"name":"CHAPTER 2. Directors and Management [9210. - 9260.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-4/chapter-2"},{"name":"ARTICLE 5. Investments [9250. - 9251.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-4/chapter-2/article-5"}],"history":"Amended by Stats. 2015, Ch. 56, Sec. 2.   (AB 792)   Effective January 1, 2016.","effective":"2016-01-01","html":"<p>(a) In investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing a corporation’s investments, the board shall meet the standards set forth in Section <a href=\"/corp/9241\">9241</a>.</p><p>(b) Compliance with the Uniform Prudent Management of Institutional Funds Act (Part 7 (commencing with Section 18501) of Division 9 of the Probate Code), if that act would be applicable, will be deemed to be compliance with subdivision (a).</p>","text":"(a) In investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing a corporation’s investments, the board shall meet the standards set forth in Section 9241. (b) Compliance with the Uniform Prudent Management of Institutional Funds Act (Part 7 (commencing with Section 18501) of Division 9 of the Probate Code), if that act would be applicable, will be deemed to be compliance with subdivision (a).","otherVersions":[],"url":"https://blackletter.si/corporations-code/investments-9250","source":"California Legislative Information bulk export (pubinfo)"}