A director of a corporation or joint stock association is deemed to possess a knowledge of the affairs of the corporation or association so as to enable the director to determine whether an act, proceeding, or omission of the corporation's or association's directors is a violation of this part.
Utah Code § 76-16-202
Presumption of director's knowledge of affairs
Renumbered and Amended by Chapter 173, 2025 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.