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164 chapters · 3,415 sections in this title.
Iowa Code § 540A.101 Short title.
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This chapter may be cited as the “Uniform Prudent Management of Institutional Funds Act” . 2008 Acts, ch 1066, §1, 11
Iowa Code § 540A.102 Definitions.
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For purposes of this chapter , unless the context otherwise requires: 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 …
Iowa Code § 540A.103 Standard of conduct — managing and investing institutional fund.
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1. Subject to the intent of a donor expressed in a gift instrument, an institution shall consider the charitable purposes of the institution and the purposes of the institutional fund in managing and investing an institutional fund. 2. In addition to complying with the duty of lo…
Iowa Code § 540A.104 Appropriation for expenditure or accumulation of endowment fund — rules of construction.
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1. Subject to the intent of a donor expressed in the gift instrument and to subsection 4 , an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which t…