- From: Elliott Weiss <weiss@law.arizona.edu>
- Date: Thu, 11 Mar 2004 14:32:26 -0700
- To: "BIZLAW" <bizlaw@list.law.umaryland.edu>
I believe that the official Comment to MBCA sec. 8.31 addresses a hypothetical similar to yours and suggests that it illustrates a situation in a director did (or could) not reasonably believe her decision was in the best interests of the corporation. If such a transaction would involve a breach of the duty of care for which a director could be held liable, it also presumably would not qualify as entirely fair. -- Elliott J. Weiss University of Arizona College of Law 1201 E. Speedway Blvd. P.O. Box 210176 Tucson, AZ 85721-0176 --- You are currently subscribed to bizlaw as: www-validator-css@w3.org To unsubscribe send a blank email to leave-bizlaw-24436J@list.law.umaryland.edu
Received on Thursday, 11 March 2004 16:33:41 UTC