"Charitable purpose" defined
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 30-2-12-0.4 to 30-2-12-9 (24 sections).
As added by P.L.226-2007, SEC.8.
Sec. 1.3. As used in this chapter, "charitable purpose" means the following:
(1) Relief of poverty.
(2) Advancement of education.
(3) Advancement of religion.
(4) Promotion of health.
(5) Promotion of a governmental purpose.
(6) Any other purpose the achievement of which benefits the community.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.