prophylactic measure
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 329 U.S. 441 - Board of Governors of the Federal Reserve System v. Agnew · 1947Most cited · 258 citing opinions
Section 32 is not concerned, of course, with any showing that the director in question has in fact been derelict in his duties or has in any way breached his fiduciary obligation to the bank. It is a preventive or prophylactic measure.