Quimbee logo
DMCA.com Protection Status

Duty to Act Lawfully

Definition

A distinct fiduciary duty owed by directors to a corporation which prohibits them from causing the corporation to engage in illegal conduct.

Related Rules


Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

Miller v. American Telephone & Telegraph Co.