· 6/25/1996
Arnold v. Society for Sayings Bancorp, Inc.
Citations
- 678 A.2d 533
- 1996 Del. LEXIS 245
- 1996 WL 369383
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- denying plaintiff’s request for a remand for determination whether there were any “‘equitable remedies’ that do not constitute ‘monetary damages’” and reading an earlier decision in the case that directors were free from personal liability under 8 Del. C. § 102 (b)(7
- directors of Delaware corporations are not agents in the ordinary course of their service as directors; the board controls the corporation, not vice versa
- “Fiduciary duties are owed by the directors and officers to the corporation and its stockholders.”
- “Fiduciary duties are owed by the directors and officers to the corporation and its stockholders.”
- “Fiduciary duties are owed by the directors and officers to the corporation and its stockholders.” (emphasis added)
- “Fiduciary duties are owed by the directors and officers to the corporation and its stockholders.”
Source: CourtListener parenthetical corpus (CC0).
Judges: Veasey, Walsh, Holland, Hartnett, Berger
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.