| Legal Resources by State |
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State Statutes
- Idaho
- Title 33
- Chapter 50
- 33-5005
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| Idaho Statutes |
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| 33-5005 - DELEGATION OF INVESTMENT MANAGEMENT |
Except as otherwise
provided by the applicable gift instrument or by applicable law relating to
governmental institutions or funds, the governing board may: (1) delegate to
its committees, officers or employees of the institution or the fund, or
agents, including investment counsel, the authority to act in place of the
board in investment and reinvestment of institutional funds; (2) contract
with independent investment advisors, investment counsel or managers, banks,
or trust companies, so to act; and (3) authorize the payment of compensation
for investment advisory or management services. |
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