The Uniform Prudent Management of Institutional Funds Act modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not modify, limit or supersede Section 101 of that act, 15 U.S.C. Section 7001(a), or authorize electronic delivery of any of the notices described in Section 103 of that act, 15 U.S.C. Section 7003(b).
History: Laws 2009, ch. 130, § 9.
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.