Court Opinion

ID: 2731418
Source: CourtListenerOpinion
Date Created: 2014-09-09 22:07:27.497766+00
Date Added: 2024-06-11T10:01:22.472900
License: Public Domain

ORDER
  

  PER CURIAM.
 

  AND NOW, this 9th day of September, 2014, the Petition for Allowance of Appeal is hereby GRANTED on the following issues as stated by Petitioner:
 

  a. Whether Courts may disregard the vital function of corporate self-governance by second-guessing the decisions of corporate directors and failing to provide the required deference to their decision simply because the court may not agree with the decision?
 

  b. Whether a court may simply usurp the role of corporate directors by negating the presumption of good-faith to the decisions of directors required by law by simply asserting, without requiring any proof thereof, a conflict of interest by the directors?
 

  c. Whether funds, whose original source was a public entity, retain their public character once the public entity distributes those funds to a private corporation in satisfaction of an obligation, and after the private corporation had retained those funds as corporate assets, and
   
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  after that corporation utilized the corporate assets for a corporate purpose?