As in effect on August 1, 2024.

Fraternity Regulation 2.7 (Revised)

NATIONAL AFFAIRS / Establishment and Operation of National Investment Fund

Revised February 3, 1996

2.7.1. This Fraternity Regulation shall apply to the assets formerly constituting Permanent Fund, and to any additional Investment Assets subject to the control of National Council.

2.7.2. National Council shall by majority vote designate appropriate funds under its control as Investment Assets.

2.7.3. All Investment Assets of National Council shall be preserved, and shall not be used for any purpose other than the production of income, except upon the vote of a three-fourths (3/4) majority of National Council.

2.7.4. Except as approved by a three-fourths (3/4) majority of National Council, all investment income shall be set aside and used exclusively for one or more purposes approved under the Internal Revenue Code and Regulations.

2.7.5. National Council may at any time, or from time to time, appoint one or more persons, whether or not a member of Triangle, to serve as Investment Advisor to Triangle. Such appointment shall be for an indefinite term, and may be rescinded or withdrawn at any time upon the vote of a majority of National Council.

2.7.6. Such Investment Advisor shall make recommendations to National Council concerning investment policies and strategies, and shall be charged with the implementation of investment policies and strategies approved by National Council. The Investment Advisor shall report to National Council not less frequently than quarterly, or as otherwise directed by National Council.

2.7.7. This Fraternity Regulation 2.7 may be amended, modified or rescinded only upon the vote of a three-fourths (3/4) majority of National Council.

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