Compliance with this chapter shall be determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight. This chapter applies to institutional funds existing on or established after July 1, 2008. As applied to institutional funds existing on July 1, 2008, this chapter governs only decisions made or actions taken on or after that date. This chapter shall not authorize electronic delivery of any legally required notice.
History. Code 1981, § 44-15-7 , enacted by Ga. L. 2008, p. 149, § 1/HB 972.
Structure Georgia Code
Chapter 15 - Uniform Prudent Management of Institutional Funds
§ 44-15-3. Considerations and Standard of Conduct for Institutions Receiving Gifts
§ 44-15-4. Management of Institutional Funds for Endowment
§ 44-15-5. Delegation of Management of Funds
§ 44-15-6. Modification of Restrictions