Corporate Law
Contractual Limitations on the Business Judgment Rule
February 28, 2014
A recent case, Scheenstra v. Califontia Dairies, Inc. (2013) 213 Cal.App.4th 370 found a board of directors exceeded their discretion when they adopted a quota program in breach of their contractual obligations to one of its members. The members appe…
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Categories: Corporate Law
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