Mississippi House Bill 609 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 1 2011 - 100% progression
Action: 2011-02-01 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The Uniform Prudent Management Of Institutional Funds Act; To Enact A Short Title; To Create Definitions; To Set The Standard Of Conduct In Managing And Investing Institutional Funds; To Enact Default Rules Of Construction; To Provide For The Delegation Of Management And Investment Functions; To Provide For The Release Or Modification Of Restrictions On Management, Investment Or Purpose; To Specify In What Way Compliance With The Act Will Be Determined; To Make Transition Provisions; To Provide For The Relationship Of The Act To Certain Other Laws; To Provide For Uniformity Of Application And Construction; To Repeal Sections 79-11-601 Through 79-11-617, Mississippi Code Of 1972, Which Constitute The Uniform Management Of Institutional Funds Act; And For Related Purposes.

Uniform Prudent Management of Institutional Funds Act; enact.

Rep. George Flaggs [D]

Date	Chamber	Action
2011-02-01		Died In Committee
2011-01-11		Referred To Banking and Financial Services

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0609.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/0600-0699/HB0609IN.htm