§ 18-12.1-7. 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 take, and not by hindsight.
History of Section.P.L. 2009, ch. 61, § 2; P.L. 2009, ch. 63, § 2.
Structure Rhode Island General Laws
Chapter 18-12.1 - Uniform Prudent Management of Institutional Funds Act
Section 18-12.1-1. - Short title.
Section 18-12.1-2. - Definitions.
Section 18-12.1-3. - Standard of conduct in managing and investing institutional fund.
Section 18-12.1-5. - Delegation of management and investment functions.
Section 18-12.1-6. - Release or modification of restrictions on management, investment, or purpose.
Section 18-12.1-7. - Reviewing compliance.
Section 18-12.1-8. - Application to existing institutional funds.
Section 18-12.1-9. - Relation to Electronic Signatures in Global and National Commerce Act.
Section 18-12.1-10. - Uniformity of application and construction.