§ 34-6-10 Short title
§ 34-6-20 Definitions
§ 34-6-30 Standard of conduct in managing and investing institutional fund
§ 34-6-40 Appropriation for expenditure or accumulation of endowment fund; rules of construction
§ 34-6-50 Delegation of management and investment functions
§ 34-6-60 Release or modification of restrictions on management, investment, or purpose
§ 34-6-70 Review of compliance
§ 34-6-80 Application to existing institutional funds
§ 34-6-90 Relation to Electronic Signatures in Global and National Commerce Act
§ 34-6-100 Uniformity of application and construction
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Terms Used In South Carolina Code > Title 34 > Chapter 6 - South Carolina Uniform Prudent Management of Institutional Funds Act

  • Advisory Council: means the Juvenile Justice Advisory Council. See South Carolina Code 23-4-20
  • 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
  • Committee: means the Governor's Committee on Criminal Justice, Crime and Delinquency. See South Carolina Code 23-4-20
  • 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.
  • 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.
  • Office: means the Division of Public Safety Programs, Office of the Governor. See South Carolina Code 23-4-20
  • 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.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Trustee: A person or institution holding and administering property in trust.