WI Bar Practice Questions - Wisconsin Bar Examination Exam

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Under Wisconsin Statute Section 180.0830, a director of a Wisconsin business corporation owes fiduciary duties and shall discharge those duties:

Only when convenient In good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner the director reasonably believes to be in the best interests of the corporation Solely to maximize the director's own interests Only to majority shareholders

Correct Answer:

In good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner the director reasonably believes to be in the best interests of the corporation

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