This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.

| less than a minute read

Court of Chancery Explains De Facto Director Status

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

blog, complex commercial litigation, corporate counseling & litigation