PART 7. UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT [18501. - 18510.]

Part 7 repealed and added by Stats. 2008, Ch. 715, Sec. 4.

§§ 18501–18510 · 10 sections

• § 18501 This part may be cited as the Uniform Prudent Management of Institutional Funds Act.
• § 18502 As used in this part, the following terms shall have the following meanings: (a) “Charitable purpose” means the relief of poverty, the advancement of education…
• § 18503 (a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the…
• § 18504 (a) Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment…
• § 18505 (a) Subject to any specific limitation set forth in a gift instrument or in law other than this part, an institution may delegate to an external agent the…
• § 18506 (a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the…
• § 18507 Compliance with this part is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by…
• § 18508 This part applies to institutional funds existing on or established after January 1, 2009. As applied to institutional funds existing on January 1, 2009, this…
• § 18509 This part modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act (15 U.S.C. Sec. 7001 et seq.), but does not modify,…
• § 18510 In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among…