New Rules For Investments: The New York Prudent Management Of Institutional Funds Act


New York’s version of the Uniform Prudent Management of Institutional Funds Act, which became law on September 17, 2010, significantly impacts non-profits incorporated in New York and certain wholly charitable trusts in several ways. Directors, financial officers and development officers are all likely to be involved in bringing their organizations into compliance with the new law’s requirements as soon as possible.

Partner Tracy Green Landauer, a member of Pryor Cashman’s Corporate and Trusts & Estates Groups, has written an informative Legal Update entitled New Rules For Investments: The New York Prudent Management Of Institutional Funds Act.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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