Subdivision 3 - Directors' Duties and Responsibilities
Section 210. InterpretationSection 211. Functions of BoardSection 212. Proceedings of BoardSection 213. Duties and responsibilities of directorsSection 214. Business judgment ruleSection 215. Reliance on information provided by othersSection 216. Responsibility for actions of delegateeSection 217. Responsibility of a nominee directorSection 218. Prohibition against improper use of property, position, etc.Section 219. General duty to make disclosureSection 220. Effect of other rules of law on duties of directorsSection 221. Disclosure of interest in contracts, proposed contracts, property, offices,etc.Section 222. Interested director not to participate or voteSection 223. Approval of company required for disposal by directors of company’s undertaking or pro~Section 224. Loans to directorSection 225. Prohibition of loans to persons connected with directorsSection 226. Prohibition of tax free payments to directorsSection 227. Payment to directors for loss of office, etc.Section 228. Transactions with directors, substantial shareholders or connected personsSection 229. Exception to section 228Section 230. Approvals for fees of directorsSection 231. Directors’ service contractsSection 232. Copy of contracts to be available for inspectionSection 233. Right of member to inspect and request copySection 234. Contract with sole member who is also a director
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