 | Law - 1880 - 568 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest, and provided they are fairly within the scope...powers and discretion confided to the managing body." As I understand this language, I can not assent to it as properly defining to any extent the nature... | |
 | Law reviews - 1892 - 272 pages
...judgment, even though they •may be so gross as to appear to us absurd and ridiculous, provided they are honest, and provided they are fairly within the scope...powers and discretion confided to the managing body." A qualification must be placed upon this language, to the effect that, while directors are not guarantors... | |
 | Herbert Hovenkamp - Law - 2009 - 470 pages
...though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and . . . within the scope of the powers and discretion confided to the managing body." The New York Court of Appeals squarely disagreed, concluding that the standard was the "ordinary skill... | |
 | Richard R. John - Political Science - 2010 - 174 pages
...be "so gross" as to "appear to us absurd and ridiculous"—provided they were honest and had acted "fairly within the scope of the powers and discretion confided to the managing body." 57 The fiduciary standard against which courts evaluated the business decisions of savings bank trustees... | |
 | Law reports, digests, etc - 1880 - 946 pages
...judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest, and provided they are fairly within the scope of the powers and discretion confided [by law] to the managing body." From this decision it appears that directors are liable for — First,... | |
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... are not liable for mistakes of judgment, even though they may be so gross as to appear to us absurd and ridiculous, provided they are honest and provided they are fairly within the scope of the powers and discretion confided to the managing body. 
