South Carolina Statutes
§ 59-153-60 — Compliance by trustee or fiduciary.
(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.
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South Carolina § 59-153-60 (Compliance by trustee or fiduciary.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1999 Act No. 122, SECTION 2.
Nearby Sections
13
§ 59-153-10
Definitions.§ 59-153-30
Delegation of functions by trustee.§ 59-153-310
State Retirement Systems Investment Panel.§ 59-153-320
Proposal for annual investment plan.§ 59-153-330
Statement of policy and objectives.§ 59-153-60
Compliance by trustee or fiduciary.§ 59-153-70
Breach of duty; liability; insurance.§ 59-153-90
Investment reports.