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.
Iowa Code § 540A.107
Reviewing compliance
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 540–540 (9 sections).
2008 Acts, ch 1066, §7, 11
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.