California Corporations Code

§ 9250

CORP § 9250 Effective Jan 1, 2016Div. 2 · Title 1 · Part 4 · Ch. 2 · Art. 5

Statute text

(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).

Legislative history

Amended by Stats. 2015, Ch. 56, Sec. 2. (AB 792) Effective January 1, 2016.