This law allows institutions to delegate the management and investment of their funds to external agents, provided they do so prudently and in good faith. It applies to any institutional fund and is subject to limitations specified in gift instruments or other laws.
Institutions can delegate fund management to external agents.
Delegation must be prudent and in good faith.
Limitations may arise from gift instruments or other laws.
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In simple terms: Learn about Texas's DELEGATION OF MANAGEMENT AND INVESTMENT law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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