N.Y. ISC Law § 1703
This is the official text of N.Y. ISC Law § 1703, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Standard of care for investments in subsidiaries
Official statutory text
§ 1703. Standard of care for investments in subsidiaries. In addition\nto other requirements of law (statutory or otherwise) that affect the\nstandard of care of directors and officers of corporations, directors\nand officers shall perform their duties in connection with investments\nin, or other acquisitions of, subsidiaries in good faith and with that\ndegree of care that an ordinarily prudent individual in a like position\nwould use under similar circumstances.\n
Status: in_force · Read it on the official government site
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