Georgia Code, Title 44, Chapter 15 - Uniform Prudent Management of Institutional Funds

• § 44-15-1 - Short Title
  This chapter shall be known and may be cited as the "Uniform Prudent Management of Institutional Funds Act."
• § 44-15-2 - Definitions
  As used in this chapter, the term: (1) "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of...
• § 44-15-3 - Considerations and Standard of Conduct for Institutions Receiving Gifts
  (a) Subject to the intent of a donor expressed in a gift instrument or any express written agreement between the donor and the institution,...
• § 44-15-4 - Management of Institutional Funds for Endowment
  (a) Subject to the intent of a donor expressed in the gift instrument or to any express written agreement between a donor and an...
• § 44-15-5 - Delegation of Management of Funds
  (a) Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to...
• § 44-15-6 - Modification of Restrictions
  (a) If the donor or a donor's designee consents in a record, an institution may release or modify, in whole or in part, a...
• § 44-15-7 - Compliance With Provisions; Effective Date
  Compliance with this chapter shall be determined in light of the facts and circumstances existing at the time a decision is made or action...
• § 44-15-8 - Uniformity With Law of Other States
  In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its...

Last modified: October 14, 2016