New York Laws
NPC - Not-For-Profit Corporation
Article 5-A - Prudent Management of Institutional Funds Act

550 - Short Title. - This article may be known and may be cited as...

551 - Definitions. - (a) "Charitable purpose" means the relief of poverty, the advancement...

552 - Standard of Conduct in Managing and Investing an Institutional Fund. - (a) Subject to the intent of a donor expressed in...

553 - Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction. - (a) Subject to the intent of a donor expressed in...

554 - Delegation of Management and Investment Functions. - (a) Subject to any specific limitation set forth in a...

555 - Release or Modification of Restrictions on Management, Investment, or Purpose. - (a) If the donor consents in a record, an institution...

556 - Reviewing Compliance. - Compliance with this article shall be determined in light of...

557 - Application to Existing Institutional Funds. - This article shall apply to institutional funds existing on or...

558 - Relation to Electronic Signatures in Global and National Commerce Act. - This article modifies, limits, and supersedes the Electronic Signatures in...