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35 chapters · 741 sections in this title.
12 Del. C. § 4701. Short title.
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§ 4701. Short title. This chapter may be cited as the “Uniform Prudent Management of Institutional Funds Act.”59 Del. Laws, c. 572, § 1; 76 Del. Laws, c. 159, § 1;
12 Del. C. § 4702. Definitions.
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§ 4702. Definitions. In this chapter: (1) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the community. (2…
12 Del. C. § 4703. Standard of conduct in managing and investing institutional fund.
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§ 4703. 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 charitable purposes of the institution and the purpos…
12 Del. C. § 4704. Appropriation for expenditure or accumulation of endowment fund; rules of construction.
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§ 4704. 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 endowment fund as the institution dete…