Sec. 163.008. 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.
Added by Acts 1989, 71st Leg., ch. 213, Sec. 1, eff. May 26, 1989.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 834 (H.B. 860), Sec. 1, eff. September 1, 2007.
Structure Texas Statutes
Title 10 - Miscellaneous Beneficial Property Interests
Chapter 163 - Management, Investment, and Expenditure of Institutional Funds
Section 163.002. Legislative Findings and Purpose
Section 163.004. Standard of Conduct in Managing and Investing Institutional Fund
Section 163.006. Delegation of Management and Investment Functions
Section 163.007. Release or Modification of Restrictions on Management, Investment, or Purpose
Section 163.008. Reviewing Compliance
Section 163.009. Relation to Electronic Signatures in Global and National Commerce Act