47-1A-831.2. Limitations on the effect of §§ 47-1A-831 and 47-1A-831.1.
115 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-831-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing contained in §§ 47-1A-831 and 47-1A-831.1 :
(1)In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable;
(2)Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or
(3)Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States.