Civil and criminal liabilities of directors
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The principle areas of civil and criminal liability corporate officers and directors face involve fraud and other misconduct in connection with buying or selling securities, and in conducting the corporation's business. For the most part, state and federal jurisdiction overlap. Federal jurisdiction depends on a connection with interstate commerce. But this is not much of an impediment since most transactions involve, to some extent at least, the use of a phone, computer, or some other instrumentality of interstate commerce.
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