California Probate Code PART 7 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT

• Section 18501.
  This part may be cited as the Uniform Prudent Management of Institutional Funds Act.(Repealed and added by Stats. 2008, Ch. 715, Sec. 4. Effective January...
• Section 18502.
  As used in this part, the following terms shall have the following meanings:(a) “Charitable purpose” means the relief of poverty, the advancement of education or religion,...
• Section 18503.
  (a) 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...
• Section 18504.
  (a) Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment...
• Section 18505.
  (a) Subject to any specific limitation set forth in a gift instrument or in law other than this part, an institution may delegate to an external...
• Section 18506.
  (a) 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...
• Section 18507.
  Compliance with this part is determined in light of the facts and circumstances existing at the time a decision is made or action is taken,...
• Section 18508.
  This part applies to institutional funds existing on or established after January 1, 2009. As applied to institutional funds existing on January 1, 2009, this...
• Section 18509.
  This part modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act (15 U.S.C. Sec. 7001 et seq.), but does not modify,...
• Section 18510.
  In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject...

Last modified: October 22, 2018