Arkansas Code Title 28, Subtitle 5, Chapter 69, Subchapter 8 - Uniform Prudent Management of Institutional Funds Act (2006)

• § 28-69-801 - Short Title.
  This subchapter may be cited as the Uniform Prudent Management of Institutional Funds Act (2006).
• § 28-69-802 - Definitions.
  In this subchapter: (1) "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of...
• § 28-69-803 - Standard of Conduct in Managing and Investing Institutional Fund.
  (a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider...
• § 28-69-804 - Appropriation for Expenditure or Accumulation of Endowment Fund -- Rules of Construction.
  (a) Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of...
• § 28-69-805 - Delegation of Management and Investment Functions.
  (a) Subject to any specific limitation set forth in a gift instrument or in law other than this subchapter, an institution may delegate to...
• § 28-69-806 - Release or Modification of Restrictions on Management, Investment, or Purpose.
  (a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a...
• § 28-69-807 - Reviewing Compliance.
  Compliance with this subchapter is determined in light of the facts and circumstances existing at the time a decision is made or action is...
• § 28-69-808 - Application to Existing Institutional Funds.
  This subchapter applies to institutional funds existing on or established after the effective date of this subchapter. As applied to institutional funds existing on...
• § 28-69-809 - Relation to Electronic Signatures in Global and National Commerce Act.
  This subchapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not...
• § 28-69-810 - Uniformity of Application and Construction.
  In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its...
• § 28-69-811, 28-69-812 - [Reserved.]

Last modified: November 15, 2016