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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

315-321 Eastern Parkway Development Fund Corp. v. Wint-Howell, 9 Misc. 3d 644 (2005)

Citation
315-321 Eastern Parkway Development Fund Corp. v. Wint-Howell, 9 Misc. 3d 644 (2005)
Parent Document
315-321 Eastern Parkway Development Fund Corp. v. Wint-Howell, 9 Misc. 3d 644 (2005)
Jurisdiction
New York (state)
Effective Date
2005-08-15

Other Sections in This Document (34)

Full Text

306 chars
“Developed in the context of commercial enterprises, the business judgment rule prohibits judicial inquiry into actions of corporate directors ‘taken in good faith and in the exercise of honest judgment in the lawful and legitimate furtherance of corporate purposes.’ ” (Id. at 537-538 [citation omitted].)