Title 59 — Trusts
28 chapters · 193 sections in this title.
N.D.C.C. § 59-21-01 Definitions
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In this chapter: 1. "Charitable purpose" means the relief of poverty, the advancement of education, the advancement of religion, the promotion of health, or any other purpose the achievement of which is beneficial to the community. 2. "Endowment fund" means an institutional fund …
N.D.C.C. § 59-21-02 Standard of conduct in managing and investing institutional fund
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1. 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. 2. In addition to complying with the duty of …
N.D.C.C. § 59-21-04 Management and investment functions - Delegation
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1. Except as otherwise provided in a gift instrument or by law other than this chapter, 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 under the circumstances. An i…
N.D.C.C. § 59-21-06 Compliance - Determination
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Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or at the time action is taken, and not by hindsight.
N.D.C.C. § 59-21-07 Application to existing institutional funds
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This chapter applies to institutional funds existing on or established after April 22, 2009. As applied to institutional funds existing on April 22, 2009, this chapter governs only decisions made or actions taken on or after that date.
N.D.C.C. § 59-21-08 Relation to Electronic Signatures in Global and National Commerce Act
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This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act [15 U.S.C. 7001 et seq.] but does not modify, limit, or supersede 15 U.S.C. 7001(a) or authorize electronic delivery of any of the notices described in 15 U.S.C. 7003(b).