DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS.

18-1908. Directors deemed to have knowledge of affairs. Every director of a corporation or joint stock association is deemed to possess such a knowledge of the affairs of his corporation as to enable him to determine whether any act, proceeding or omission of its directors is a violation of this chapter. History: [18-1908, added 1972, ch. 336, sec. 1, p. 882.]