How May a Director in Breach be Relived from Liability Flashcards
(3 cards)
1
Q
What is the first way a director in breach may be relived from liability?
A
If they obtain the ‘consent, approval or authorisation’ of members - others think they didn’t do it maliciously
2
Q
What is the second way a director in breach may be relived from liability?
A
Through ratification
3
Q
What is the third way a director in breach may be relived from liability?
A
By the court under circumstances (rare)
