Bill Title: Management of institutional funds. Provides that a chapter in the Indiana Code may be cited as the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Makes the following changes to the UPMIFA: (1) Allows a donor to give an institution prior consent for release or modification of a restriction or charitable purpose in a gift instrument. (2) Allows an institution to release or modify a restriction in a fund established more than 20 years ago without court approval, if the value of an institutional fund is less than $250,000. (Under current law, the institutional fund must be less than $25,000.)

Spectrum: Bipartisan Bill

Status: (Passed) 2016-03-21 - Public Law 85 [HB1331 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Enrolled	2016-03-04	PDF	Link	View
Engrossed	2016-03-04	PDF	Link	View
Engrossed	2016-02-25	PDF	Link	View
Amended	2016-02-25	PDF	Link	View
Amended	2016-02-18	PDF	Link	View
Amended	2016-02-18	PDF	Link	View
Amended	2016-01-25	PDF	Link	View
Introduced	2016-01-25	PDF	Link	View
Introduced	2016-01-12	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana HB1331

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana HB1331 currently on file.

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