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16 chapters · 1,114 sections in this title.
O.C.G.A. § 44-15-1 Short title
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This chapter shall be known and may be cited as the “Uniform Prudent Management of Institutional Funds Act.” History. Code 1981, § 44-15-1, enacted by Ga. L. 2008, p. 149, § 1/HB 972.
O.C.G.A. § 44-15-2 Definitions
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As used in this chapter, the term: (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) “E…
O.C.G.A. § 44-15-3 Considerations and standard of conduct for institutions receiving gifts
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(a) Subject to the intent of a donor expressed in a gift instrument or any express written agreement between the donor and the institution, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes …
O.C.G.A. § 44-15-4 Management of institutional funds for endowment
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(a) Subject to the intent of a donor expressed in the gift instrument or to any express written agreement between a donor and an institution, an institution may appropriate for expenditure or accumulate assets of an endowment fund as the institution determines shall be prudent fo…