Code of Virginia - Title 55 Property And Conveyances - Chapter 15 Apportionment Of Moneys; Management Of Institutional Funds
- 55-253 through 55-268
Repealed by Acts 1999, c. 975, effective January 1, 2000. ...
- 55-268.1 through 55-268.10
Repealed by Acts 2008, c. 184, cl. 2. ...
- 55-268.11 Short title.
This article may be cited as the Uniform Prudent Management of Institutional Funds Act. (1973, c. 167, § 55-268.10; 2008, c. 184.) ...
- 55-268.12 Definitions.
In this article: "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental ...
- 55-268.13 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 the ...
- 55-268.14 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 an ...
- 55-268.15 Delegation of management and investment functions.
A. Subject to any specific limitation set forth in a gift instrument or in law other than this article, an institution may delegate to an ...
- 55-268.16 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 gift ...
- 55-268.17 Reviewing compliance.
Compliance with this article is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, ...
- 55-268.18 Application to existing institutional funds.
This article applies to institutional funds existing on or established after July 1, 2008. As it applies to institutional funds existing on July 1, 2008, ...
- 55-268.19 Relation to Electronic Signatures in Global and National Commerce Act.
This article modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not modify, ...
- 55-268.20 Uniformity of application and construction.
In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its subject ...
- 55-269 Description unavailable
Repealed by Acts 1973, c. 355. ...
- 55-269.1 Annuity table
When a party as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of ...
- 55-270 Rule of calculation
Calculate the interest at eight percent upon the sum to the income of which, or upon the value of the property to the use of ...
- 55-271 Example
Suppose a person whose age is 42 is tenant for life in the whole of an estate worth $10,500. The annual interest on that sum ...
- 55-272 Description unavailable
Repealed by Acts 1973, c. 355. ...
- 55-272.1 Table of uniform seniority
When any two parties, as joint tenants for life are entitled to the annual interest on a sum of money, or are entitled to the ...
- 55-273 Rules of calculation under { 55-272.1
(a) Calculate the interest at eight per centum upon the sum to the income of which, or upon the value of the property to the ...
- 55-274 Makehamized mortality table
When more than two parties as joint tenants for life, or three or more parties as tenants in successive estates are entitled to the annual ...
- 55-275 Description unavailable
Repealed by Acts 1990, c. 831. ...
- 55-276 Commutation in case of persons under disability
In any case in which under the laws of this Commonwealth provision is made for commutation in money of a life estate when all the ...
- 55-277 Commutation of certain life estates
Whenever a party as tenant for life or in any other manner, has a life interest in an estate which has been sold under a ...
Last modified: April 3, 2009