Business, 25.11.2021 05:50 deb2710

Under the Model Business Corporations Act, a director who is sued in connection with his/her duties to the corporation may be indemnified by the corporation when: a. the director failed to act in the best interests of the corporation.
b. the director received unqualified financial benefits.
c. the director acted in good faith and his conduct was lawful.
d. the director's actions were grossly negligent but not intentional.

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Under the Model Business Corporations Act, a director who is sued in connection with his/her duties...

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