This chapter applies to institutional funds existing on or established after January 1, 2009. As applied to institutional funds existing on January 1, 2009, this chapter governs only decisions made or actions taken on or after that date.
Ala. Code § 19-3C-8
Application to Existing Institutional Funds.
Known as the Alabama Uniform Prudent Management of Institutional Funds Act
The act spans §§ 19-3C-1 to 19-3C-9 (10 sections).
(Act 2008-276, p. 434, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.