Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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.
History: 1973 c 313 s 6; 1989 c 304 s 133
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.
History: 1973 c 313 s 6; 1989 c 304 s 133
Official Publication of the State of Minnesota
Revisor of Statutes