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The Business Judgment Rule Is Both Shield and Sword (NY)

/ Owner - December 14, 2017

Many members of co-op and condo boards sleep well at night because of the Business Judgment Rule. It shields boards from second-guessing and legal challenges – provided they act in good faith and in the lawful and legitimate furtherance of a corporate purpose. But boards need to remember that the protections of the Business Judgment Rule have limits. This shield can be turned into a sword.     Read the article…………….

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