DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS.

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18-1908. DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS. Every director of a corporation or joint stock association is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding or omission of its directors is a violation of this chapter.

History:

[18-1908, added 1972, ch. 336, sec. 1, p. 882.]


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