Illinois Compiled Statutes 760 Trusts and Fiduciaries: Article -

• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 1
  Short title. This Act may be cited as the Uniform Prudent Management of Institutional Funds Act. (Source: P.A. 96-29, eff. 6-30-09.)
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 2
  Definitions. In this Act: (1) "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 3
  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...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 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...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 5
  Delegation of management and investment functions. (a) Subject to any specific limitation set forth in a gift instrument or in law other than this Act,...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 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...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 7
  Reviewing compliance. Compliance with this Act is determined in light of the facts and circumstances existing at the time a decision is made or action...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 8
  Application to existing institutional funds. This Act applies to institutional funds existing on or established after the effective date of this Act. As applied to...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 9
  Relation to Electronic Signatures in Global and National Commerce Act. This Act modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act,...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 10
  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...
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 10.1
  Repeal. The following Act is repealed: The Uniform Management of Institutional Funds Act. (Source: P.A. 96-29, eff. 6-30-09.)
• Illinois Trusts and Fiduciaries: Article -
  Amendatory provisions; text omitted
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 10.2
  (Amendatory provisions; text omitted). (Source: P.A. 96-29, eff. 6-30-09; text omitted.)
• Illinois Uniform Prudent Management of Institutional Funds Act. - 760 ILCS 51, Section 11
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-29, eff. 6-30-09.)

Last modified: February 18, 2015