Bayer v. Beran
Citation
49 N.Y.S.2d 2 (Sup. Ct. 1944)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
Where a director has a personal interest in a transaction, the business judgment rule does not apply; the transaction is subject to entire fairness review, requiring fair price and fair dealing.
Significance
Early corporate law case establishing heightened scrutiny for self-interested director transactions.