Section 18-12.1-4. – Appropriation for expenditure or accumulation of endowment fund; rules of construction.
§ 18-12.1-4. Appropriation for expenditure or accumulation of endowment fund; rules of construction. (a) Subject to the intent of a donor expressed in the gift instrument [and to subsection (d)], an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, […]
Section 18-12.1-5. – Delegation of management and investment functions.
§ 18-12.1-5. Delegation of management and investment functions. (a) 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. […]
Section 18-11-10. – Tax obligations.
§ 18-11-10. Tax obligations. This chapter does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession, or other taxes imposed by the laws of this state. History of Section.P.L. 1959, ch. 85, § 10.
Section 18-12.1-6. – Release or modification of restrictions on management, investment, or purpose.
§ 18-12.1-6. Release or modification of restrictions on management, investment, or purpose. (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 management, investment, or purpose of an institutional fund. A release or modification may not allow […]
Section 18-9.2-7. – Applicability of chapter.
§ 18-9.2-7. Applicability of chapter. This chapter applies to qualified dispositions made on or after July 1, 1999. History of Section.P.L. 1999, ch. 402, § 1.
Section 18-10-1. – Authority to register security in name of nominee.
§ 18-10-1. Authority to register security in name of nominee. Any trust company or national banking association doing business in this state when acting as executor, administrator, guardian, conservator, testamentary trustee, or trustee under any other instrument, whether alone or jointly with an individual or individuals, may, with the consent of the individual fiduciary or […]
Section 18-10-2. – Direction for registration by individual fiduciary.
§ 18-10-2. Direction for registration by individual fiduciary. (a) Any individual or individuals acting as executor, administrator, guardian, conservator, testamentary trustee, or trustee under any other instrument is and are authorized, respectively, to direct any trust company or national banking association doing business in this state to cause any property deposited with the trust company […]
Section 18-10-3. – Liability of trust company or banking association — Accounts to show ownership.
§ 18-10-3. Liability of trust company or banking association — Accounts to show ownership. (a) Any trust company or national banking association shall be absolutely liable for any loss occasioned by the acts of any nominee or nominees of the trust company or national banking association with respect to any property so registered. (b) The […]
Section 18-10-4. – Corporation or transfer agent relieved of liability on transfer of stock.
§ 18-10-4. Corporation or transfer agent relieved of liability on transfer of stock. In case any stock, shares, bonds, debentures, notes, or other securities are registered in the name of a nominee or nominees in accordance with the provisions of this chapter, the corporation, joint stock company, business trust, or association which has issued any […]
Section 18-10-5. – Applicability.
§ 18-10-5. Applicability. This chapter applies to all trusts, estates, and other fiduciary relationships, whether currently existing or subsequently created. History of Section.P.L. 1958, ch. 101, § 5.