Statutes > New Mexico Statutes > Chapter 46 - Fiduciaries and Trusts. > Article 9A - Uniform Prudent Management of Institutional Funds, 46-9A-1 through 46-9A-10. > Section 46-9A-8 - Application to existing institutional funds.

Section 46-9A-8 - Application to existing institutional funds.

46-9A-8. Application to existing institutional funds.

The Uniform Prudent Management of Institutional Funds Act applies to institutional funds existing on or established after July 1, 2009.  As applied to institutional funds existing on July 1, 2009, the Uniform Prudent Management of Institutional Funds Act governs only decisions made or actions taken on or after July 1, 2009.  Decisions made and actions taken before July 1, 2009 are governed by the Uniform Management of Institutional Funds Act [46-9-12 NMSA 1978] as if that act had not been repealed.