There is a newer version of the Massachusetts General Laws
2010 Massachusetts Code
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
CHAPTER 180A UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS
- Section 1 Definitions
- Section 2 Appropriations for expenditures from endowment funds authorized; presumption of imprudence
- Section 3 Restrictions in gift instruments upon expenditure of net appreciation
- Section 4 Accumulation of annual net income; reserve
- Section 5 Restrictions in gift instruments against accumulation of income or addition to principal
- Section 6 Investments
- Section 7 Delegation of authority of board
- Section 8 Administration of powers of board; liability of members
- Section 9 Release of restrictions imposed by gift instruments; limitations
- Section 10 Application and construction
- Section 11 Citation
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