72-30-101. Short title

72-30-101. Short title. This chapter may be cited as the “Uniform Prudent Management of Institutional Funds Act”. History: En. Sec. 10, Ch. 389, L. 1973; R.C.M. 1947, 86-809; amd. Sec. 1, Ch. 421, L. 2007.

72-30-102. Definitions

72-30-102. Definitions. In this chapter, the following definitions apply: (1) ”Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the community. (2) (a) ”Endowment fund” means an institutional fund or any part of the […]

72-30-103. Uniformity of application and construction

72-30-103. Uniformity of application and construction. In applying and construing this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among those states that enact it. History: En. Sec. 9, Ch. 389, L. 1973; R.C.M. 1947, 86-808; amd. Sec. 3, Ch. 421, L. 2007.