Michigan Compiled Laws
Chapter 451 - Securities, Real Estate, and Debt Management
Act 87 of 2009 - Uniform Prudent Management of Institutional Funds Act (451.921 - 451.931)

Section 451.921 - Short Title. - Sec. 1. This act shall be known and may be...

Section 451.922 - Definitions. - Sec. 2. As used in this act: (a) "Charitable purpose"...

Section 451.923 - Institutional Fund; Managing and Investing; Considerations; Requirements; Pooling 2 or More Funds; Rules for Managing and Investing. - Sec. 3. (1) Subject to the intent of a donor...

Section 451.924 - Endowment Fund Assets; Appropriation or Accumulation; Determination; Limitation; Designation. - Sec. 4. (1) Subject to the intent of a donor...

Section 451.925 - Management and Investment; Delegation to External Agent; Duty to Exercise Reasonable Care; Liability; Delegation to Committees, Officers, or Employees. - Sec. 5. (1) Subject to any specific limitation set forth...

Section 451.926 - Release or Modification of Restriction. - Sec. 6. (1) If the donor consents in a record,...

Section 451.927 - Compliance With Act; Existing Facts and Circumstances. - Sec. 7. Compliance with this act shall be determined in...

Section 451.928 - Applicability of Act. - Sec. 8. This act applies to institutional funds existing on...

Section 451.929 - Electronic Signatures. - Sec. 9. This act modifies, limits, and supersedes the electronic...

Section 451.930 - Uniformity of Law. - Sec. 10. In applying and construing this uniform act, consideration...

Section 451.931 - Applicability; Scope. - Sec. 11. This act applies only to matters included within...