Code Section Group

Corporations Code - CORP

TITLE 1. CORPORATIONS [100 - 14631]

  ( Title 1 enacted by Stats. 1947, Ch. 1038. )

DIVISION 2. NONPROFIT CORPORATION LAW [5000 - 10841]

  ( Heading of Division 2 amended by Stats. 1978, Ch. 567. )

PART 4. NONPROFIT RELIGIOUS CORPORATIONS [9110 - 9690]

  ( Part 4 added by Stats. 1978, Ch. 567. )

CHAPTER 2. Directors and Management [9210 - 9260]

  ( Chapter 2 added by Stats. 1978, Ch. 567. )

ARTICLE 5. Investments [9250 - 9251]
  ( Article 5 added by Stats. 1979, Ch. 681. )

9250.
  

(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).

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

9251.
  

Nothing in Section 9250 shall abrogate or restrict the power of a court in proper cases to direct or permit a corporation to deviate from the terms of a trust or agreement regarding the making or retention of investments.

(Added by Stats. 1979, Ch. 681.)

CORPCorporations Code - CORP5.