V Finding Guidance for the Duty of Loyalty’s Maximum Condition In State Constituency Statutes Because, as previously discussed, the majority of case law on the duty of loyalty has necessarily omitted its maximum condition, many states have adopted constituency...
IV The Impact of the Maximum Condition of Loyalty on Business Judgment As stated, Courts have consistently taken a deferent stance via the business judgment rule provided that the particular board decision at issue provides some rational benefit to the shareholders...
