Ala. Code § 37-4-3
Current through the 2024 Regular Session.
The officers and directors of every corporation operating as a utility shall be deemed to stand in a fiduciary relation to the corporation, and shall discharge the duties of their respective offices or positions in good faith and with that diligence, care and skill which ordinary prudent men would exercise under similar circumstances and conditions.
Ala. Code § 37-4-3 (1975)