Boards cannot hide behind the Business Judgment Rule for every decision they make — especially the wrong ones.
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“Business Judgment Rule” returned 10 articles
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ArticleTopicsColumn TypeIssue
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The Limits of the Business Judgment Rule
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No Armor is Failsafe
What are the limits to the protections offered by the Business Judgment Rule?
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Business Judgment Rule: The Old Armor Still Works
Disagreements between the board and shareholders about whether to repair or replace can lead to a lawsuit.
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Business Judgment Rule
Marc Luxemburg on Levandusky vs. One Fifth Avenue
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Unreasonable Conduct
41 legal experts on game-changing laws, rules, and cases.
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When a Board Must Be “Reasonable”
What does it mean when a board cannot act “unreasonably”?
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Michael T. Manzi, Balber Pickard Maldonado & Van Der Tuin
Boards cannot create a policy on a whim and suddenly start levying fines.
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Objectionable Conduct – Again
When a co-op decides to evict a shareholder for objectionable conduct, is it the board or the court who rules ultimately?
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Reasonable Is as Reasonable Does
May a co-op’s managing agent reject a potential buyer of unsold shares solely based on the co-op’s “financing rule”?
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The Business Judgment Rule
The single most important decision affecting New York co-ops and condos
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