72-30-201. Repealed
72-30-201. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 2, Ch. 389, L. 1973; R.C.M. 1947, 86-802.
72-30-202. Repealed
72-30-202. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 1, Ch. 389, L. 1973; R.C.M. 1947, 86-801(part).
72-30-203. Repealed
72-30-203. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 3, Ch. 389, L. 1973; R.C.M. 1947, 86-803.
72-30-204. Repealed
72-30-204. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 4, Ch. 389, L. 1973; R.C.M. 1947, 86-804; amd. Sec. 34, Ch. 6, L. 1979.
72-30-205. Repealed
72-30-205. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 5, Ch. 389, L. 1973; R.C.M. 1947, 86-805.
72-30-206. Repealed
72-30-206. Repealed. Sec. 11, Ch. 421, L. 2007. History: En. Sec. 6, Ch. 389, L. 1973; R.C.M. 1947, 86-806.
72-30-207. Release or modification of restrictions on management, investment, or purpose
72-30-207. Release or modification of restrictions on management, investment, or purpose. (1) 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 or instrument of donor intent on the management, investment, or purpose of an institutional fund. A release or modification […]
72-30-208. Standard of conduct in managing and investing institutional fund
72-30-208. Standard of conduct in managing and investing institutional fund. (1) Subject to the intent of a donor expressed in a gift instrument or instrument of donor intent, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (2) In addition to complying […]
72-30-209. Appropriation for expenditure or accumulation of endowment fund — rules of construction
72-30-209. Appropriation for expenditure or accumulation of endowment fund — rules of construction. (1) Subject to the intent of a donor expressed in the gift instrument or instrument of donor intent and to subsection (4), an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for […]
72-30-210. Delegation of management and investment functions
72-30-210. Delegation of management and investment functions. (1) Subject to any specific limitation set forth in a gift instrument, in an instrument of donor intent, 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 […]
72-30-211. Reviewing compliance
72-30-211. 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. History: En. Sec. 8, Ch. 421, L. 2007.
72-30-212. Application to existing institutional funds
72-30-212. Application to existing institutional funds. This chapter applies to institutional funds existing on or established after October 1, 2007. As applied to institutional funds existing on October 1, 2007, this chapter governs only decisions made or actions taken on or after that date. History: En. Sec. 9, Ch. 421, L. 2007.
72-30-213. Relation to Electronic Signatures in Global and National Commerce Act
72-30-213. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. 7001, et seq., but does not modify, limit, or supersede section 101(c) of that act, 15 U.S.C. 7001(c), or authorize electronic delivery of any of the notices described […]