Legislation
ARTICLE 5-A
Prudent Management of Institutional Funds Act
Not-for-Profit Corporation (NPC) CHAPTER 35
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SECTION 550Short title
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SECTION 551Definitions
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SECTION 552Standard of conduct in managing and investing an institutional fund
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SECTION 553Appropriation for expenditure or accumulation of endowment fund; rules of construction
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SECTION 554Delegation of management and investment functions
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SECTION 555Release or modification of restrictions on management, investment, or purpose
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SECTION 556Reviewing compliance
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SECTION 557Application to existing institutional funds
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SECTION 558Relation to Electronic Signatures in Global and National Commerce Act
ARTICLE 5-A
PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT
Section 550. Short title.
551. Definitions.
552. Standard of conduct in managing and investing an
institutional fund.
553. Appropriation for expenditure or accumulation of endowment
fund; rules of construction.
554. Delegation of management and investment functions.
555. Release or modification of restrictions on management,
investment, or purpose.
556. Reviewing compliance.
557. Application to existing institutional funds.
558. Relation to Electronic Signatures in Global and National
Commerce Act.
PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT
Section 550. Short title.
551. Definitions.
552. Standard of conduct in managing and investing an
institutional fund.
553. Appropriation for expenditure or accumulation of endowment
fund; rules of construction.
554. Delegation of management and investment functions.
555. Release or modification of restrictions on management,
investment, or purpose.
556. Reviewing compliance.
557. Application to existing institutional funds.
558. Relation to Electronic Signatures in Global and National
Commerce Act.