General Laws of Massachusetts - Chapter 180A Uniform Prudent Management of Institutional Funds

• Massachusetts General Laws - Definitions - Chapter 180A, Section 1
  As used in this chapter, the following words shall unless the context clearly requires otherwise, have the following meanings:— “Charitable purpose”, the relief of poverty,...
• Massachusetts General Laws - Standard of conduct in managing and investing an institutional fund - Chapter 180A, Section 2
  (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...
• Massachusetts General Laws - Appropriation for expenditure or accumulation of endowment fund; rules of construction - Chapter 180A, Section 3
  (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...
• Massachusetts General Laws - Delegation of management and investment of an institutional fund - Chapter 180A, Section 4
  (a) Subject to any specific limitation set forth in a gift instrument or in other general or special law, an institution may delegate to an...
• Massachusetts General Laws - Release or modification of restriction on management, investment, duration or purpose - Chapter 180A, Section 5
  (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...
• Massachusetts General Laws - Reviewing compliance - Chapter 180A, Section 6
  Compliance with this chapter shall be determined in light of the facts and circumstances existing at the time a decision is made or an action...
• Massachusetts General Laws - Application of chapter - Chapter 180A, Section 7
  This chapter shall apply to institutional funds existing on or established after June 30, 2009. As applied to institutional funds existing on June 30, 2009,...
• Massachusetts General Laws - Effect of chapter on electronic signatures in Global and National Commerce Act - Chapter 180A, Section 8
  This chapter modifies, limits and supersedes the electronic signatures in the Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not...
• Massachusetts General Laws - Construction and application of chapter - Chapter 180A, Section 9
  In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter...
• Massachusetts General Laws - Repealed, 2009, 29, Sec. 1 - Chapter 180A, Section 10 11
  Repealed, 2009, 29, Sec.

Last modified: September 11, 2015