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Court Of Chancery Explains De Facto Director Status
By Morris James LLP on May 28, 2014
Posted In Directors
Bishop Macram Max Gassis v. Corkery, C.A. 8868-VCG (May 28, 2014)
This interesting decision explains the status of a de facto director and what that means in terms of the validity of actions taken by such directors. In general, their actions are valid. The decision is also another illustration of the duties owed by a board of a charity to its beneficiaries.
Tags: Directors
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