Conflicting Business Interests
Generally, a contract or other transaction between a corporation and one or more of its directors or any other entity in which one or more of its directors or officers are financially interested is voidable, where the interested directors are at the meeting which authorizes, approves, or ratifies such contract or transaction. However, the Florida Business Corporation Act permits such contracts or transaction provided that specific requirements are met. At Schecter Law, we have the experience and knowledge to prosecute and defend lawsuits pertaining to directors’ conflicts of interest and conflict of interest transactions.
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