The Uniform Prudent Management of Institutional Funds Act applies to institutional funds existing on or established after July 1, 2009. As applied to institutional funds existing on July 1, 2009, the Uniform Prudent Management of Institutional Funds Act governs only decisions made or actions taken on or after July 1, 2009. Decisions made and actions taken before July 1, 2009 are governed by the Uniform Management of Institutional Funds Act [repealed] as if that act had not been repealed.
History: Laws 2009, ch. 130, § 8.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Laws 2009, ch. 130, § 11, repealed the Uniform Management of Institutional Funds Act, effective July 1, 2009.
Effective dates. — Laws 2009, ch. 130, § 12 provided that the act was effective July 1, 2009.
Structure New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 9A - Uniform Prudent Management of Institutional Funds
Section 46-9A-1 - Short title.
Section 46-9A-2 - Definitions.
Section 46-9A-3 - Standard of conduct in managing and investing an institutional fund.
Section 46-9A-5 - Delegation of management and investment functions.
Section 46-9A-6 - Release or modification of restrictions on management, investment or purpose.
Section 46-9A-7 - Reviewing compliance.
Section 46-9A-8 - Application to existing institutional funds.
Section 46-9A-9 - Relation to Electronic Signatures in Global and National Commerce Act.
Section 46-9A-10 - Uniformity of application and construction.