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§ 14-3-860 - Definitions
As used in this part, the term: (1) "Conflicting interest" with respect to a corporation means the interest a director of the corporation has...
§ 14-3-861 - Transactions Not Subject to Being Enjoined, Set Aside, or Other Sanctions
(a) A transaction effected or proposed to be effected by a corporation (or by a subsidiary of the corporation or by any other entity...
§ 14-3-862 - Directors' Action After Disclosure of Conflict or Abstention by Interested Director
(a) Directors' action respecting a transaction is effective for purposes of paragraph (1) of subsection (b) of Code Section 14-3-861 if the transaction received...
§ 14-3-863 - Members' Action Following Disclosure of Conflict
(a) Members' action respecting a transaction is effective for purposes of paragraph (2) of subsection (b) of Code Section 14-3-861 if a majority of...
§ 14-3-864 - Effect of Court Approval of Transaction
In a case involving a corporation described in paragraph (2) of subsection (a) of Code Section 14-3-1302, a transaction that was not the subject...
§ 14-3-865 - Voidability of Conflicting Interest Transaction
(a) As used in this Code section, the term: (1) "Officer" means a person who is not a director and who is holding an...
Last modified: October 14, 2016