RCW 24.55.065
Application to existing institutional funds.
(1) Before July 1, 2009, this chapter applies to an institutional fund existing on May 11, 2009, only if the institution's governing body elects to apply this chapter to the institutional fund before July 1, 2009.
(2) On and after July 1, 2009, this chapter applies to all institutional funds.
(3) As applied to institutional funds existing on May 11, 2009, this chapter governs only decisions made or actions taken on or after July 1, 2009, except that in the case of an institution that makes the election under subsection (1) of this section this chapter governs decisions made or actions taken on or after the date the institution elects to be covered by this chapter.
[ 2009 c 436 § 8.]
Structure Revised Code of Washington
Title 24 - Corporations and Associations (Nonprofit)
Chapter 24.55 - Prudent Management of Institutional Funds Act.
24.55.007 - Uniformity of application and construction.
24.55.015 - Standard of conduct in managing and investing institutional fund.
24.55.025 - Appropriation for expenditure or accumulation of endowment fund—Rules of construction.
24.55.035 - Delegation of management and investment functions.
24.55.045 - Release or modification of restrictions on management, investment, or purpose.
24.55.055 - Reviewing compliance.
24.55.065 - Application to existing institutional funds.
24.55.075 - Relation to electronic signatures in global and national commerce act.