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CALIFORNIA CORPORATE & SECURITIES LAW

Is It A Breach Of Fiduciary Duty To Fail Or Refuse To Conform To Delaware’s Judicial Decisions Or Practices?

The answer to this question in Nevada may soon be an unequivocal “no”.  Last week, the Nevada Legislature unanimously passed SB 203 and sent it to Governor Brian Sandoval for signature.  Among other things, Section 2 of SB 203 declares: The directors and officers of a domestic corporation, in exercising their duties under NRS 78.138 and 78.139,…

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