2005 Minnesota Statutes

     309.67 Standard of conduct. 

    In the administration of the powers to appropriate 
 appreciation, to make and retain investments, and to delegate 
 investment management of institutional funds, members of a 
 governing board shall discharge their duties in the manner 
 provided in section 317A.251.  In so doing they shall consider 
 long and short term needs of the institution in carrying out its 
 educational, religious, charitable, or other eleemosynary 
 purposes, its present and anticipated financial requirements, 
 expected total return on its investments, price level trends, 
 and general economic conditions.  

    HIST: 1973 c 313 s 6; 1989 c 304 s 133