Utah § 51-8-201 General standard of care.

Utah Statutes

§ 51-8-201 — General standard of care.

Utah § 51-8-201

Title 51Public Funds and Accounts

Ch. 51-8Uniform Prudent Management of Institutional Funds Act

Part 51-8-2Standard of Conduct in Managing and Investing Institutional Fund

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Bluebook

Utah Code Ann. § 51-8-201 (2026).

Text

(1)Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund.

(2)In addition to complying with the duty of loyalty imposed by law other than this chapter, each person responsible for managing and investing an institutional fund shall manage and invest the fund in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

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(1) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund.
(2) In addition to complying with the duty of loyalty imposed by law other than this chapter, each person responsible for managing and investing an institutional fund shall manage and invest the fund in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.