36E-7. 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. (2009-8, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36E - Uniform Prudent Management of Institutional Funds Act
§ 36E-3 - Standard of conduct in managing and investing institutional fund.
§ 36E-4 - Appropriation for expenditure or accumulation of endowment fund; rules of construction.
§ 36E-5 - Delegation of management and investment functions.
§ 36E-6 - Release or modification of restrictions on management, investment, or purpose.
§ 36E-7 - Reviewing compliance.
§ 36E-8 - Application to existing institutional funds.
§ 36E-9 - Relation to Electronic Signatures in Global and National Commerce Act.