Delaware Administrative Code
Title 5 - Banking
3300 - Business and Industrial Development Corporations
3302 - Bidco Interpretation of "Prudent Business Manner"
Section 3302-2.0
Universal Citation: 5 DE Admin Code 3302-2.0
Current through Register Vol. 28, No. 3, September 1, 2024
The Bidco will be deemed to be conducting business in a prudent business manner provided the officers and directors are found to discharge the duties of their respective positions in good faith, and with the diligence, care, judgement and skill that ordinarily prudent men would exercise under similar circumstances in like positions, consistent with the purposes of the Delaware Bidco Act.
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