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14 V.S.A. ch. 120, § 3411 Short title
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§ 3411. Short title This chapter may be cited as the Uniform Prudent Management of Institutional Funds Act. (Added 2009, No. 9, § 2, eff. May 5, 2009.)
14 V.S.A. ch. 120, § 3412 Definitions
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§ 3412. Definitions In this chapter: (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)…
14 V.S.A. ch. 120, § 3413 Standard of conduct in managing and investing institutional fund
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§ 3413. 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 purpose…
14 V.S.A. ch. 120, § 3414 Appropriation for expenditure or accumulation of endowment fund; rules of construction
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§ 3414. Appropriation for expenditure or accumulation of endowment fund; rules of construction (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 deter…