Revised Code of Washington - RCW Title 24 Corporations And Associations (Nonprofit) - Chapter 24.44 Uniform Management Of Institutional Funds Act

• 24.44.010 Definitions
  As used in this chapter: (1) "Institution" means an incorporated or unincorporated organization organized and operated exclusively for educational, religious, charitable, or other eleemosynary purposes ...
• 24.44.020 Appropriation of appreciation
  The governing board may appropriate for expenditure for the uses and purposes for which an endowment fund is established so much of the net appreciation, ...
• 24.44.030 Investment authority
  In addition to an investment otherwise authorized by law or by the applicable gift instrument, and without restriction to investments a fiduciary is authorized to ...
• 24.44.040 Delegation of investment management
  Except as otherwise provided by the applicable gift instrument or by applicable law relating to governmental institutions or funds, the governing board may: (1) Delegate ...
• 24.44.050 Standard of conduct
  In the administration of the powers to appropriate appreciation, to make and retain investments, and to delegate investment management of institutional funds, members of a ...
• 24.44.060 Release of restrictions on use or investments
  (1) A restriction on the use or investment of an institutional fund imposed by the applicable gift instrument may be released, entirely or in part, ...
• 24.44.070 Uniformity of application and construction
  This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter ...
• 24.44.080 Short title
  This chapter may be cited as the "Uniform Management of Institutional Funds Act".[1973 c 17 § 9.] ...
• 24.44.090 Section headings
  Section headings as used in this chapter do not constitute any part of the law.[1973 c 17 § 10.] ...
• 24.44.900 Severability -- 1973 c 17
  If any provision of this act or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions ...

Last modified: April 7, 2009