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9 sections in this chapter.
Mass. Gen. Laws ch. 180A, § 1 Definitions
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Section 1. As used in this chapter, the following words shall unless the context clearly requires otherwise, have the following meanings:— ''Charitable purpose'', the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governme…
Mass. Gen. Laws ch. 180A, § 2 Standard of conduct in managing and investing an institutional fund
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Section 2. (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 purposes of the institutional fund. (b) In addition to complying with…
Mass. Gen. Laws ch. 180A, § 3 Appropriation for expenditure or accumulation of endowment fund; rules of construction
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Section 3. (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 determines is prudent for the uses, benefits, purposes and duration for which the endowme…
Mass. Gen. Laws ch. 180A, § 4 Delegation of management and investment of an institutional fund
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Section 4. (a) Subject to any specific limitation set forth in a gift instrument or in other general or special law, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate …
