Practice question
An officer entrusted with acquiring an asset appropriates an adverse interest and profits that otherwise would accrue to the corporation. Explain why lack of a directorship is not complete immunity under Section 30.
Legal references
- Revised Corporation Code, RA 11232, Sections 30 and 33: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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