47-30-11. Director deemed to possess knowledge.
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/sd/title-47/chapter-47-30/47-30-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every director of a corporation 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.