Section 201 – General standard of care.

51-8-201. General standard of care. (1) Subject to the intent of a donor expressed in a gift instrument, 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 with the duty of loyalty imposed by law […]

Section 202 – Standards for managing and investing an institutional fund.

51-8-202. Standards for managing and investing an institutional fund. (1) In managing and investing an institutional fund, an institution: (a) may incur only costs that are appropriate and reasonable in relation to the assets, the purposes of the institution, and the skills available to the institution; and (b) shall make a reasonable effort to verify […]