California Statutes
§ 9250. — 9250. (Amended by Stats. 2015, Ch. 56, Sec. 2.)
California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 4. PART 4. NONPROFIT RELIGIOUS CORPORATIONS·Ch. 2. CHAPTER 2. Directors and Management·Art. 5. ARTICLE 5. Investments
(a)In investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing a corporation’s investments, the board shall meet the standards set forth in Section 9241.
(b)Compliance with the Uniform Prudent Management of Institutional Funds Act (Part 7 (commencing with Section 18501) of Division 9 of the Probate Code), if that act would be applicable, will be deemed to be compliance with subdivision (a).
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California § 9250. (9250. (Amended by Stats. 2015, Ch. 56, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2015, Ch. 56, Sec. 2. (AB 792) Effective January 1, 2016.