Directors' liability
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 224 U.S. 73 - Thomas v. Taylor · 1912Most cited · 110 citing opinions
there is 'in effect' an intentional violation of a statute when one deliberately refuses to examine that which it is his duty to examine. ... where by law a responsibility is made to arise from the violation of a statute knowingly, proof of something more than negligence is required,—that is, that the violation must in effect be intentional.