Standards of conduct for officers
Applied in 4 court decisions — leading case Centra Bank, Inc. v. Burton (In Re Burton) (2009)
Most recently applied in Sheehan ex rel. Estate of AGS, Inc. v. Saoud (January 2015)
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) An officer, when performing in his or her official capacity, shall act:
(1) In good faith;
(2) With the care that a person in a like position would reasonably exercise under similar circumstances; and
(3) In a manner the officer reasonably believes to be in the best interests of the corporation.
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.