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  • SECTION 555
    Release or modification of restrictions on management, investment, or purpose
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  • ARTICLE 5-A
    Prudent Management of Institutional Funds Act
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  • SECTION 557
    Application to existing institutional funds
    • This entry was published on 2014-09-22
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    SECTION 556

    Reviewing compliance

    Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 5-A

    § 556. Reviewing compliance.

    Compliance with this article shall be determined in light of the facts
    and circumstances existing at the time a decision is made or action is
    taken, and not retrospectively.