Compliance with the Uniform Prudent Management of Institutional Funds Act 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.
§ 46-9A-7 NMSA 1978
Reviewing compliance
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 46–46 (10 sections).
Laws 2009, ch. 130, § 7.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.