55-14A-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.
Source: SL 2007, ch 283, ยง7.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 14A - Uniform Prudent Management Of Institutional Funds Act
Section 55-14A-1 - Short title.
Section 55-14A-2 - Definitions.
Section 55-14A-3 - Standard of conduct in managing and investing institutional fund.
Section 55-14A-5 - Delegation of management and investment functions.
Section 55-14A-6 - Release or modification of restrictions on management, investment, or purpose.
Section 55-14A-7 - Reviewing compliance.
Section 55-14A-8 - Application to existing institutional funds.
Section 55-14A-9 - Relation to Electronic Signatures in Global and National Commerce Act.
Section 55-14A-10 - Uniformity of application and construction.