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.
S.D. Codified Laws § 55-14A-7
Reviewing compliance
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 55–55 (10 sections).
Source: SL 2007, ch 283, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.