112.11 Uniform Prudent Management of Institutional Funds Act.
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112.11 Uniform Prudent Management of Institutional Funds Act.
(1)Short title. This section may be cited as the “Uniform Prudent Management of Institutional Funds Act.”
(2)Definitions. In this section:
(a)“Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose, the achievement of which is beneficial to the community.