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.
Tex. Prop. Code § 163.008
REVIEWING COMPLIANCE
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 163–163 (11 sections).
Added by Acts 1989, 71st Leg., ch. 213, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.