The Uniform Prudent Management of Institutional Funds Act applies to institutional funds existing on or established after July 1, 2009. As applied to institutional funds existing on July 1, 2009, the Uniform Prudent Management of Institutional Funds Act governs only decisions made or actions taken on or after July 1, 2009. Decisions made and actions taken before July 1, 2009 are governed by the Uniform Management of Institutional Funds Act [repealed] as if that act had not been repealed.
§ 46-9A-8 NMSA 1978
Application to existing institutional funds
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 46–46 (10 sections).
Laws 2009, ch. 130, § 8.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.