Alaska Statutes Title 13, Chapter 13.65 - Uniform Prudent Management of Institutional Funds

• Sec. 13.65.010 Standard of Conduct in Managing and Investing Institutional Funds.
  (a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider...
• Sec. 13.65.020 Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction.
  (a) Subject to the intent of a donor expressed in a gift instrument, an institution may appropriate for expenditure or accumulate so much of...
• Sec. 13.65.030 Delegation of Management and Investment Functions.
  (a) Subject to a specific limitation set out in a gift instrument or in law other than this chapter, an institution may delegate to...
• Sec. 13.65.040 Release or Modification of Restrictions on Management, Investment, or Purpose.
  (a) With the donor's consent in a record, an institution may release or modify, in whole or in part, a restriction contained in a...
• Sec. 13.65.050 Reviewing Compliance.
  Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or an action...
• Sec. 13.65.060 Relation to Electronic Signatures in Global and National Commerce Act.
  This chapter modifies, limits, and supersedes 15 U.S.C. 7001 - 7031 (Electronic Signatures in Global and National Commerce Act), but does not modify, limit,...
• Sec. 13.65.070 Application.
  If another provision of law or of a governing instrument of an institution applies to an institutional fund but conflicts with this chapter, the...
• Sec. 13.65.080 Uniformity of Application and Construction.
  In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject...
• Sec. 13.65.090 Definitions.
  In this chapter,(1) "charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a...
• Sec. 13.65.095 Short Title.
  This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act.

Last modified: November 15, 2016