44-6A-1 Short title
44-6A-2 Definitions
44-6A-3 Standard of conduct in managing and investing institutional fund
44-6A-4 Appropriation for expenditure or accumulation of endowment fund; rules of construction
44-6A-5 Delegation of management and investment functions
44-6A-6 Release or modification of restrictions on management, investment, or purpose
44-6A-7 Reviewing compliance
44-6A-8 Application to existing institutional funds
44-6A-9 Relation to electronic signatures in Global and National Commerce Act
44-6A-10 Uniformity of application and construction
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Terms Used In West Virginia Code > Chapter 44 > Article 6A - Uniform Management of Institutional Funds Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Donor: The person who makes a gift.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Trustee: A person or institution holding and administering property in trust.