Legislation
SECTION 1703
Standard of care for investments in subsidiaries
Insurance (ISC) CHAPTER 28, ARTICLE 17
§ 1703. Standard of care for investments in subsidiaries. In addition
to other requirements of law (statutory or otherwise) that affect the
standard of care of directors and officers of corporations, directors
and officers shall perform their duties in connection with investments
in, or other acquisitions of, subsidiaries in good faith and with that
degree of care that an ordinarily prudent individual in a like position
would use under similar circumstances.
to other requirements of law (statutory or otherwise) that affect the
standard of care of directors and officers of corporations, directors
and officers shall perform their duties in connection with investments
in, or other acquisitions of, subsidiaries in good faith and with that
degree of care that an ordinarily prudent individual in a like position
would use under similar circumstances.