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97 chapters · 1,782 sections in this title.
Tex. Property Code § 163.001 Short Title
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Sec. 163.001. SHORT TITLE. This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act. Added by Acts 1989, 71st Leg., ch. 213, Sec. 1, eff. May 26, 1989. Amended by: Acts 2007, 80th Leg., R.S., Ch. 834 (H.B. 860), Sec. 1, eff. September 1, 2007.
Tex. Property Code § 163.002 Legislative Findings and Purpose
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Sec. 163.002. LEGISLATIVE FINDINGS AND PURPOSE. (a) The legislature finds that: (1) institutions organized and operated exclusively for a charitable purpose perform essential and needed services in the state; (2) uncertainty exists regarding the prudence standards for the managem…
Tex. Property Code § 163.003 Definitions
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Sec. 163.003. DEFINITIONS. In this chapter: (1) "Charitable purpose" means the promotion of a scientific, educational, philanthropic, or environmental purpose, social welfare, the arts and humanities, or another civic or public purpose described by Section 501(c)(3) of the Intern…
Tex. Property Code § 163.004 Standard of Conduct In Managing and Investing Institutional Fund
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Sec. 163.004. 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 …