Compliance with the Uniform Prudent Management of Institutional Funds Act is determined in light of the facts and circumstances existing at the time a decision is made or action is taken and not by hindsight.
History: Laws 2009, ch. 130, § 7.
Effective dates. — Laws 2009, ch. 130, § 12 provided that the act was effective July 1, 2009.
Structure 2021 New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 9A - Uniform Prudent Management of Institutional Funds
Section 46-9A-1 - Short title.
Section 46-9A-2 - Definitions.
Section 46-9A-3 - Standard of conduct in managing and investing an institutional fund.
Section 46-9A-5 - Delegation of management and investment functions.
Section 46-9A-6 - Release or modification of restrictions on management, investment or purpose.
Section 46-9A-7 - Reviewing compliance.
Section 46-9A-8 - Application to existing institutional funds.
Section 46-9A-9 - Relation to Electronic Signatures in Global and National Commerce Act.
Section 46-9A-10 - Uniformity of application and construction.