1703 - Standard of care for investments in subsidiaries. - New-york Statutes

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Statutes > New-york > Isc > Article-17 > 1703

§  1703. Standard of care for investments in subsidiaries. In addition  to other requirements of law (statutory or otherwise)  that  affect  the  standard  of  care  of directors and officers of corporations, directors  and officers shall perform their duties in connection  with  investments  in,  or  other acquisitions of, subsidiaries in good faith and with that  degree of care that an ordinarily prudent individual in a like  position  would use under similar circumstances.

State Codes and Statutes

Statutes > New-york > Isc > Article-17 > 1703

§  1703. Standard of care for investments in subsidiaries. In addition  to other requirements of law (statutory or otherwise)  that  affect  the  standard  of  care  of directors and officers of corporations, directors  and officers shall perform their duties in connection  with  investments  in,  or  other acquisitions of, subsidiaries in good faith and with that  degree of care that an ordinarily prudent individual in a like  position  would use under similar circumstances.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-york > Isc > Article-17 > 1703

§  1703. Standard of care for investments in subsidiaries. In addition  to other requirements of law (statutory or otherwise)  that  affect  the  standard  of  care  of directors and officers of corporations, directors  and officers shall perform their duties in connection  with  investments  in,  or  other acquisitions of, subsidiaries in good faith and with that  degree of care that an ordinarily prudent individual in a like  position  would use under similar circumstances.