13 §5104. Appropriation for expenditure or accumulation of endowment fund; rules of construction
§5104. Appropriation for expenditure or accumulation of endowment fund; rules of construction 1. Appropriate; accumulate; donor-restricted; good faith; care. 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 fund as the institution determines is prudent for the uses, benefits, […]
13 §5105. Delegation of management and investment functions
§5105. Delegation of management and investment functions 1. Delegation. Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. […]
13 §5106. Release or modification of restrictions on management, investment or purpose
§5106. Release or modification of restrictions on management, investment or purpose 1. Release or modification of restriction with consent. 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 management, investment or purpose of an institutional fund. A […]
13 §5107. Reviewing compliance
§5107. Reviewing compliance Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or action is taken and not by hindsight. [PL 2009, c. 450, §2 (NEW); PL 2009, c. 450, §3 (AFF).] SECTION HISTORY PL 2009, c. 450, §2 (NEW). PL 2009, […]
13 §5108. Application to existing institutional funds
§5108. Application to existing institutional funds This chapter applies to institutional funds existing on or established after July 1, 2009. As applied to institutional funds existing on July 1, 2009, this chapter governs only decisions made or actions taken on or after that date. [PL 2009, c. 450, §2 (NEW); PL 2009, c. 450, […]
13 §5109. Relation to federal Electronic Signatures in Global and National Commerce Act
§5109. Relation to federal Electronic Signatures in Global and National Commerce Act This chapter modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 United States Code, Section 7001 et seq., but does not modify, limit or supersede 15 United States Code, Section 7001(a), or authorize electronic delivery of any […]
13 §5110. Uniformity of application and construction
§5110. Uniformity of application and construction 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 states that enact it. [PL 2009, c. 450, §2 (NEW); PL 2009, c. 450, §3 (AFF).] SECTION HISTORY PL 2009, c. […]
13 §4105. Delegation of investment management (REPEALED)
§4105. Delegation of investment management (REPEALED) SECTION HISTORY PL 1993, c. 371, §2 (NEW). PL 2009, c. 450, §1 (RP). PL 2009, c. 450, §3 (AFF).
13 §5111. Effective date
§5111. Effective date This chapter takes effect July 1, 2009. [PL 2009, c. 450, §2 (NEW); PL 2009, c. 450, §3 (AFF).] SECTION HISTORY PL 2009, c. 450, §2 (NEW). PL 2009, c. 450, §3 (AFF).
13 §4106. Standard of conduct (REPEALED)
§4106. Standard of conduct (REPEALED) SECTION HISTORY PL 1993, c. 371, §2 (NEW). PL 1997, c. 302, §1 (AMD). PL 2001, c. 550, §C5 (AMD). PL 2001, c. 550, §C29 (AFF). PL 2003, c. 618, §B3 (AMD). PL 2003, c. 618, §B20 (AFF). PL 2009, c. 450, §1 (RP). PL 2009, c. 450, §3 (AFF).