Interest of Directors. (a) A conflict of interest transaction is a transaction with the Corporation in which a Director of the Corporation has a direct or indirect interest. A conflict of interest transaction is not voidable by the Corporation solely because of the Director's interest in the transaction if any one (1) of the following is true: of the Board of Directors and the Board of Directors or committee authorized, approved, or ratified the transaction.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Rohm & Haas Co), Agreement and Plan of Merger (Morton Acquisition Corp), Agreement and Plan of Merger (Rohm & Haas Co)
Interest of Directors. (a) A conflict of interest transaction is a transaction with the Corporation in which a Director of the Corporation has a direct or indirect interest. A conflict of interest transaction is not voidable by the Corporation solely because of the Director's interest in the transaction if any one (1) of the following is true: of the Board of Directors and the Board of Directors or committee authorized, approved, or ratified the transaction.:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Morton International Inc /In/), Nisource Inc/De
