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.
History:
[18-1908, added 1972, ch. 336, sec. 1, p. 882.]
Structure Idaho Code
Title 18 - CRIMES AND PUNISHMENTS
Section 18-1901 - FICTITIOUS STOCK SUBSCRIPTION.
Section 18-1902 - EXHIBITION OF FALSE PAPERS TO PUBLIC OFFICERS.
Section 18-1903 - USE OF FALSE NAME IN PROSPECTUS.
Section 18-1904 - ILLEGAL DIVIDENDS AND REDUCTIONS OF CAPITAL.
Section 18-1905 - FALSIFICATION OF CORPORATE BOOKS.
Section 18-1906 - FRAUDULENT REPORTS BY OFFICERS.
Section 18-1907 - REFUSAL TO PERMIT STOCKHOLDER TO INSPECT RECORDS.
Section 18-1908 - DIRECTORS DEEMED TO HAVE KNOWLEDGE OF AFFAIRS.
Section 18-1909 - DIRECTOR PRESENT AT MEETING — ASSENT TO ILLEGAL ACTS.
Section 18-1910 - DIRECTOR NOT PRESENT AT MEETING — ASSENT TO ILLEGAL ACTS.