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Practice Tip: The Business Judgment Rule As Applied to Matrimonial Matters

By Laurence J. Cutler and Gregory D.R. Behringer
January 31, 2015

According to Black's Law Dictionary, Sixth Edition, the Business Judgment Rule is described as follows:

This Rule immunizes management from liability in corporate transaction undertaken within both the power of corporation and authority of management where there is reasonable basis to indicate that transaction was made with due care and in good faith.

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