The consideration of those factors shall not constitute a violation of section 5712 (relating to standard of care and justifiable reliance). (b) Presumption.--Absent breach of fiduciary duty, lack of good faith or self-dealing, actions taken as a director shall be presumed to be in the best interests of the corporation. Regensberg reasons that because the Treasury, as an artificial or legal person and not a natural person, cannot act on its own to acquire property, 234 it cannot acquire property that lands in its yard either.

Directorate of Enforcement (2005) 4 SCC 530 This is the landmark case in which the apex court overruled the all other laid down principles. In this case, Standard Chartered Bank was being prosecuted for violation of certain provisions of the Foreign Exchange Regulation Act, 1973. Ultimately, the Supreme Court held that the corporation could be prosecuted and punished, with fines, regardless of the mandatory punishment required under the respective statute sagradafamiliacancun.com. Section 5554 is referred to in section 6145 of this title. 5585. Establishment or use of common trust funds authorized. 5588. Amortization of premiums on securities held. The heading of Subchapter C was carried without amendment December 21, 1988, P. L.1444, No.177, effective October 1, 1989. § 5585. Establishment or use of common trust funds authorized. (a) General rule.--Every nonprofit corporation may establish and maintain one or more common trust funds, the assets of which shall be held, invested and reinvested by the corporation itself or by a corporate trustee to which the assets have been transferred pursuant to section 5549 (relating to transfer of trust or other assets to institutional trustee) ref.: http://home-investments.com/library/counselor-or-enforcer-the-role-of-the-corporate-lawyer-post-sarbanes-oxley-corporate-law-and.

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