North Carolina General Statutes Chapter 36E Uniform Prudent Management of Institutional Funds Act

• N.C. Gen. Stat. § 36E-1.   Short title
  This Chapter may be cited as the Uniform Prudent Management of Institutional Funds Act. (1985, c. 98, s. 1; 2009-8, s. 2.)
• N.C. Gen. Stat. § 36E-2.   Definitions
  The following definitions apply in this Chapter: (1) Charitable purpose. - The relief of poverty, the advancement of education or religion, the promotion of...
• N.C. Gen. Stat. § 36E-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 managing and investing an institutional fund, shall consider...
• N.C. Gen. Stat. § 36E-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...
• N.C. Gen. Stat. § 36E-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 Chapter, an institution may delegate to...
• N.C. Gen. Stat. § 36E-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 contained in a...
• N.C. Gen. Stat. § 36E-7.   Reviewing compliance
  Compliance with this Chapter is determined in light of the facts and circumstances existing at the time a decision is made or action is...
• N.C. Gen. Stat. § 36E-8.   Application to existing institutional funds
  This Chapter applies to institutional funds existing on or established after March 19, 2009. As applied to institutional funds existing on March 19, 2009,...
• N.C. Gen. Stat. § 36E-9.   Relation to Electronic Signatures in Global and National Commerce Act
  This Chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. 7001, et seq., but does not modify,...
• N.C. Gen. Stat. § 36E-10.   Conflict with other law; exemptions
  (a) To the extent that the provisions of this Chapter are inconsistent with the provisions of Chapter 36C, Chapter 36D, Chapter 37A, or Chapter...
• N.C. Gen. Stat. § 36E-11.   Uniformity of application and construction
  In applying and construing this Chapter, consideration may be given to promoting uniformity of interpretation with respect to its subject matter among the states...

Last modified: March 23, 2014