Topic: officers and directors that are aware that the corporation … · Go Syfert
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Topic #3705

2 canonical passages across 2 cases, quoted by 6 opinions in total. These passages cluster together because the same opinions keep quoting them side by side — they state parts of one doctrine. The anchor passage is from Carrieri v. Jobs.Com Inc..

#Case FlagCanonical passage Citers
1 Carrieri v. Jobs.Com Inc. Anchor
ca5 · 2004
green “officers and directors that are aware that the corporation is insolvent, or within the 'zone of insolvency' as in this case, have expanded fiduciary duties to include the creditors of the corporation.” 3
2 Federal Deposit Insurance Corp. v. Sea Pines Company
ca4 · 1982
green “hen the corporation becomes insolvent, the fiduciary duty of the directors shifts from the stockholders to the creditors.” 3

A red or yellow flag on a member means the underlying case has negative treatment — for those, check the case page before relying on the passage.

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