1998 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 309 Social and Charitable Organizations
Section 309.67 Standard of conduct.
309.67 Standard of conduct.
In the administration of the powers to appropriate appreciation, to make and retain investments, and to delegate investment management of institutional funds, members of a governing board shall discharge their duties in the manner provided in section 317A.251. In so doing they shall consider long and short term needs of the institution in carrying out its educational, religious, charitable, or other eleemosynary purposes, its present and anticipated financial requirements, expected total return on its investments, price level trends, and general economic conditions.
HIST: 1973 c 313 s 6; 1989 c 304 s 133
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