§5107. Reviewing compliance
Compliance with this chapter 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. [PL 2009, c. 450, §2 (NEW); PL 2009, c. 450, §3 (AFF).]
SECTION HISTORY
PL 2009, c. 450, §2 (NEW). PL 2009, c. 450, §3 (AFF).
Structure Maine Revised Statutes
Part 2: CORPORATIONS WITHOUT CAPITAL
Chapter 99: UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT
13 §5103. Standard of conduct in managing and investing institutional fund
13 §5104. Appropriation for expenditure or accumulation of endowment fund; rules of construction
13 §5105. Delegation of management and investment functions
13 §5106. Release or modification of restrictions on management, investment or purpose
13 §5107. Reviewing compliance
13 §5108. Application to existing institutional funds
13 §5109. Relation to federal Electronic Signatures in Global and National Commerce Act