Clarifying the duties of a director of a corporation and that the director must act in good faith, in a manner the director reasonably believes to be in the best interests of the corporation, and with the care that an ordinarily prudent person in a similar position would use under similar circumstances; clarifying that a director who acts in accordance with the standard of conduct provided by a specified provision of law shall have specified immunity from liability; etc.
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( 2-401, 2-405.1, 8-601.1 )
Last Updated: 2/3/2020 2:29 PM