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  4. Art. 5-A

Article 5-A
Prudent Management of Institutional Funds Act

Sections

550
Short title
551
Definitions
552
Standard of conduct in managing and investing an institutional fund
553
Appropriation for expenditure or accumulation of endowment fund
554
Delegation of management and investment functions
555
Release or modification of restrictions on management, investment, or purpose
556
Reviewing compliance
557
Application to existing institutional funds
558
Relation to Electronic Signatures in Global and National Commerce Act
 



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Location: https://newyork.public.law/laws/n.y._not-for-profit_corporation_law_article_5-a

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

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