§ 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.
N.Y. Not-for-Profit Corporation Law § 556, under Prudent Management of Institutional Funds Act.
N.Y. Not-for-Profit Corporation Law § 556
§ 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.