{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-1105.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-1105.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-1105.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-1105.html"}],"law_id":375832,"edition_id":2,"section_id":375832,"structure_id":53451,"section_number":"64.2-1105","catch_line":"Reviewing compliance","history":"2008, c. 184, \u00a7 55-268.17; 2012, c. 614.","full_text":"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.\n\n","order_by":null,"text":{"0":{"id":1403234,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53451,"edition_id":2,"name":"Uniform Prudent Management of Institutional Funds Act","identifier":"11","label":"chapter","depth":3,"order_by":3,"parent_id":53428,"metadata":{"child_laws":9,"child_structures":0},"date_created":"2026-08-02 03:16:36","date_modified":"2026-08-02 12:37:15","permalink":{"id":1501071,"object_type":"structure","relational_id":53451,"identifier":"11","token":"64.2\/III\/11","url":"\/64.2\/III\/11\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53428,"edition_id":2,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":53424,"metadata":{"child_laws":232,"child_structures":36},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:10","permalink":{"id":1500813,"object_type":"structure","relational_id":53428,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":375827,"structure_id":53451,"section_number":"64.2-1100","catch_line":"Definitions","url":"\/64.2-1100\/","token":"64.2\/III\/11\/64.2-1100","metadata":false},{"id":375828,"structure_id":53451,"section_number":"64.2-1101","catch_line":"Standard of conduct in managing and investing institutional fund","url":"\/64.2-1101\/","token":"64.2\/III\/11\/64.2-1101","metadata":false},{"id":375829,"structure_id":53451,"section_number":"64.2-1102","catch_line":"Appropriation for expenditure or accumulation of endowment fund; rules of construction","url":"\/64.2-1102\/","token":"64.2\/III\/11\/64.2-1102","metadata":false},{"id":375830,"structure_id":53451,"section_number":"64.2-1103","catch_line":"Delegation of management and investment functions","url":"\/64.2-1103\/","token":"64.2\/III\/11\/64.2-1103","metadata":false},{"id":375831,"structure_id":53451,"section_number":"64.2-1104","catch_line":"Release or modification of restrictions on management, investment, or purpose","url":"\/64.2-1104\/","token":"64.2\/III\/11\/64.2-1104","metadata":false},{"id":375832,"structure_id":53451,"section_number":"64.2-1105","catch_line":"Reviewing compliance","url":"\/64.2-1105\/","token":"64.2\/III\/11\/64.2-1105","metadata":false},{"id":375833,"structure_id":53451,"section_number":"64.2-1106","catch_line":"Application to existing institutional funds","url":"\/64.2-1106\/","token":"64.2\/III\/11\/64.2-1106","metadata":false},{"id":375834,"structure_id":53451,"section_number":"64.2-1107","catch_line":"Relation to Electronic Signatures in Global and National Commerce Act","url":"\/64.2-1107\/","token":"64.2\/III\/11\/64.2-1107","metadata":false},{"id":375835,"structure_id":53451,"section_number":"64.2-1108","catch_line":"Uniformity of application and construction","url":"\/64.2-1108\/","token":"64.2\/III\/11\/64.2-1108","metadata":false}],"previous_section":{"id":375831,"structure_id":53451,"section_number":"64.2-1104","catch_line":"Release or modification of restrictions on management, investment, or purpose","url":"\/64.2-1104\/","token":"64.2\/III\/11\/64.2-1104","metadata":false},"next_section":{"id":375833,"structure_id":53451,"section_number":"64.2-1106","catch_line":"Application to existing institutional funds","url":"\/64.2-1106\/","token":"64.2\/III\/11\/64.2-1106","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1105\/","history_text":"<p>This law was first created in 2008. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?081+ful+CHAP0184\">184<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1501093,"object_type":"law","relational_id":375832,"identifier":"64.2-1105","token":"64.2\/III\/11\/64.2-1105","url":"\/64.2-1105\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-1105\/","token":"64.2\/III\/11\/64.2-1105","dublin_core":{"Title":"Reviewing compliance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1105","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Compliance with this chapter is determined in light of the <span class=\"dictionary\">facts<\/span> and circumstances existing at the time a decision is made or action is taken, and not by hindsight.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREVIEWING COMPLIANCE (\u00a7 64.2-1105)\n\nCompliance with this chapter is determined in light of the facts and\ncircumstances existing at the time a decision is made or action is taken, and\nnot by hindsight.\n\nHISTORY: 2008, c. 184, \u00a7 55-268.17; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}