The sale of a company presents a special case for that company's board of directors, as the directors (absent any special treatment in the sale agreement) will lose their jobs (and control of their company) when the sale is consummated. As such, the legal rules surrounding the directors' duties during the sale of their company are robust. This article provides an overview of those legal rules.
- Summary by FizzLaw Team
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The Board of Directors' Duties During The Sale Of A Company