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A07907 Summary:

BILL NO    A07907D

SAME AS    SAME AS S04778-C

SPONSOR    Bing

COSPNSR    Brodsky, Rosenthal, Castro, DenDekker, Fields, Schimminger, Espaillat

MLTSPNSR   DelMonte, Mayersohn, Meng, Millman, Titone

Add Art 5-A SS550 - 558, rpld S102 (a) sub 13, 14 & 17, S512, S513 (c) & (d) &
S522, amd SS406, 513, 514 & 717, N-PC L; amd S2-b, Rel Corp L; amd SS8-1.1,
8-1.7 & 11-2.3, EPT L; amd S2115, SCPA; amd S174-b, Exec L

Relates to prudent management of institutional funds standards; requires
consideration of certain factors relating to restrictions in gift instruments
and charitable purposes; permits judicial modification.
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