11-09-2016, 10:23 PM
Notice the wording here
iation with the Corporation or other entity), if: (a) the director or officer (or, if permitted by the Act, such individual) ****acted honestly and in good faith with a view to the best interests of the Corporation (*******or, if permitted by the Act, as the case may be, to the best interests of the other entity for which the individual acted as director or officer or in a similar capacity at the Corporation's request); and (b) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the director or officer (or, if permitted by the Act, such individual) had reasonable grounds for believing that the director's or officer's (or, if permitted by the
Or oops for Hession and crew . Honestly and in good faith ? anyone who thinks these guys acted honestly and on good faith needs a double check . Proving same remains to be seen , Think the insurance company wants to pay ?? No ! Think they woulf be part of the law suit to protect them from paying ! You bet !!
iation with the Corporation or other entity), if: (a) the director or officer (or, if permitted by the Act, such individual) ****acted honestly and in good faith with a view to the best interests of the Corporation (*******or, if permitted by the Act, as the case may be, to the best interests of the other entity for which the individual acted as director or officer or in a similar capacity at the Corporation's request); and (b) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the director or officer (or, if permitted by the Act, such individual) had reasonable grounds for believing that the director's or officer's (or, if permitted by the
Or oops for Hession and crew . Honestly and in good faith ? anyone who thinks these guys acted honestly and on good faith needs a double check . Proving same remains to be seen , Think the insurance company wants to pay ?? No ! Think they woulf be part of the law suit to protect them from paying ! You bet !!