Hawaii Revised Statutes 517e. Uniform Prudent Management of Institutional Funds Act

• 517e-1 Short Title.
  This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act. [L 2009, c 135, pt of §1]
• 517e-2 Definitions.
  As used in this chapter, unless the context otherwise requires: "Charitable purpose" means the relief of poverty, the advancement of education or religion, the...
• 517e-3 Standard of Conduct in Managing and Investing an 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...
• 517e-4 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...
• 517e-5 Delegation of Management and Investment Functions.
  (a) Subject to any specific limitation set forth in a gift instrument or otherwise provided by law, an institution may delegate to an external agent...
• 517e-6 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 on the management,...
• 517e-7 Reviewing Compliance.
  Compliance with this chapter shall be determined in light of the facts and circumstances existing at the time a decision is made or action...
• 517e-8 Application to Existing Institutional Funds.
  This chapter shall apply to institutional funds existing on or established after July 1, 2009. As applied to institutional funds existing on July 1,...
• 517e-9 Relation to Electronic Signatures in Global and National Commerce Act.
  This chapter shall modify, limit, and supersede the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. section 7001 et seq., but shall...

Last modified: October 27, 2016