76-16-202. Presumption of director's knowledge of affairs.
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Effective 5/7/2025
76-16-202. Presumption of director's knowledge of affairs.
A director of a corporation or joint stock association is deemed to possess a knowledge of the affairs of the corporation or association so as to enable the director to determine whether an act, proceeding, or omission of the corporation's or association's directors is a violation of this part.
Renumbered and Amended by Chapter 173 , 2025 General Session