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2022 South Carolina Code of Laws
Title 59 - Education
Chapter 153 - Endowment Funds
Section 59-153-60. Compliance by trustee or fiduciary.
Universal Citation: SC Code § 59-153-60 (2022)
(A) Compliance by the trustee or other fiduciary with Sections 59-153-30, 59-153-40, and 59-153-50 must be determined in light of the facts and circumstances existing at the time of the trustee's or fiduciary's decision or action and not by hindsight.
(B) The trustee's investment and management decisions must be evaluated not in isolation but in the context of the trust portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the endowment system.
HISTORY: 1999 Act No. 122, Section 2.
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