18-1908 — DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS
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TITLE 18
CRIMES AND PUNISHMENTS
CHAPTER 19
CORPORATIONS
18-1908. DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS. Every director of
a corporation or joint stock association is deemed to possess such a knowledge
of the affairs of his corporation as to enable him to determine whether any
act, proceeding or omission of its directors is a violation of this chapter.