47-1A-842. Standards of conduct for officers.
48 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-842·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An officer, when performing in such capacity, shall act:
(1)In good faith;
(2)With the care that a person in a like position would reasonably exercise under similar circumstances; and
(3)In a manner the officer reasonably believes to be in the best interests of the corporation.