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Tag Archives: trustee liability

What is the “Business Judgment Rule”?

By Robert Ross |

THE BUSINESS JUDGMENT RULE WAS DESIGNED TO PROTECT CORPORATE OFFICERS  The “Business Judgment Rule” is a legal principle that protects the officers and directors of corporate entities (for example, a corporation or LLC) from liability for certain kinds of actions (when acting in their official roles, on behalf of the entity). In simplified terms,… Read More »

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