Title 17, Title 17 — Corporations, Partnerships And Associations
32 chapters · 1,021 sections in this title.
W.S. § 17-7-301 Short title
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Short title. This act shall be known and may be cited as the Uniform Prudent Management of Institutional Funds Act.
W.S. § 17-7-302 Definitions
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Definitions. (a) As used in this act: (i) "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; (ii…
W.S. § 17-7-303 Standard of conduct in managing and investing institutional fund
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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 purposes of th…
W.S. § 17-7-304 Appropriation for expenditure or accumulation of endowment fund; rules of construction
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Appropriation for expenditure or accumulation of endowment fund; rules of construction. (a) Subject to subsection (d) of this section and to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowmen…
W.S. § 17-7-305 Delegation of management and investment functions
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Delegation of management and investment functions. (a) Subject to any specific limitation set forth in a gift instrument or in law other than this act, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an in…
W.S. § 17-7-306 Release or modification of restrictions on management, investment or purpose
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Release or modification of restrictions on management, investment or purpose. (a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment or purpose of an institutiona…
W.S. § 17-7-307 Reviewing compliance
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Reviewing compliance. Compliance with this act shall be determined in light of the facts and circumstances existing at the time a decision is made or action is taken.