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" ... (3) Ordinary care, in this matter as In other departments of the law, means that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (4) The degree of care required further depends upon the subject... "
Reports of Cases Decided in the Court of Chancery of the State of New Jersey - Page 444
by New Jersey. Court of Chancery - 1902
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Atlantic Reporter, Volume 50

Law reports, digests, etc - 1902
...banking business was in the hands of the cashier or other executive officer. 'Where there is a duty of finding out and knowing, negligent ignorance has...Invite confidence that they possess at least ordinary knowlledge and skill, and that they will do all that men of reasonable prudence and caution ought to...
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The American State Reports: Containing the Cases of General Value ..., Volume 33

Abraham Clark Freeman - Law reports, digests, etc - 1893
...Directors of corporations, or those acting exojficio as such, are bound to exercise that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances in respect to a like gratuitous employment, regard being bad to the usages of business and the circumstances...
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Commentaries on the Law of Private Corporations, Volume 3

Seymour Dwight Thompson - Corporation law - 1895 - 8032 pages
...duty oj finding out and knowing, negligent ignorance has the same effect in law as actual knowledge.1 While the directors of a corporation may and must,...prudent and diligent men would exercise under similar circumstances.1 We have seen that directors are bound to exercise ordinary and reasonable care, which...
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The Pacific Reporter, Volume 57

Law reports, digests, etc - 1899
...banking business was in the hands of the cashier or other executive officer. "Where there is a duty of finding out and knowing, negligent Ignorance has...diligent men would exercise under similar circumstances." Thomp. Corp. 4108. And their liability does not depend upon statute. "The liability of directors...
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The Pacific Reporter, Volume 57

Law reports, digests, etc - 1899
...waste the assets of the corporation, it le conceded that the directors cannot escape liability on tbe ground that they did not know of the wrongdoing, provided...diligent men would exercise under similar circumstances." Thomp. Corp. 4108. And their liability does not depend upon statute. "The liability of directon...
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The American State Reports: Containing the Cases of General Value ..., Volume 75

Abraham Clark Freeman - Law reports, digests, etc - 1900
...the ground that they did not know of the wrongdoing, provided that it appear that their ignorance 3O1 was the result of a want of that care which ordinarily...diligent men would exercise under similar circumstances": Thompson on Corporations, sec. 4108. And their liability does not depend upon statute. "The liability...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - Banking law - 1912 - 669 pages
...negligence and inattention to their duties. Directors are bound to exercise the same diligence and care which ordinarily prudent and diligent men would exercise under similar circumstances. 77. REMEDIES AGAINST OFFICERS— Where a loss results to the corporation by the fraud, wrong, or negligence...
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Negligence and Compensation Cases Annotated, Volume 18

Employers' liability - 1920
...directors. (3) Ordinary care, in this matter as In other departments of the law, means that degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (4) The degree of care required further depends upon the subject to which it is to be applied, and...
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Annual Report - Comptroller of the Currency

United States. Office of the Comptroller of the Currency - Banks and banking - 1931
...care required by directors. (USCCA 1930.) Bank directors, in exercine of duties, must use degree of care which ordinarily prudent and diligent men would exercise under similar circumstances. (Bourne v. Perkins et al., 42 Fed. Rep. (2d series) 94.) National bank directors must exercise ordinary...
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The Chief Justiceship of Melville W. Fuller, 1888-1910

Milton R Underwood Professor of Law and Professor of History James W Ely Jr, James W. Ely - Law - 1995 - 248 pages
...fidelity of corporate officers. Instead, he maintained that directors were bound to that degree of care "which ordinarily prudent and diligent men would exercise under similar circumstances." In a classic and much quoted articulation of the duties of directors, Fuller stated, Directors must...
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