The courts have held that officers and directors that usurp a corporate opportunity must disgorge the illegal profits to the

Question

Quizplus · Accepted Answer

When officers and directors usurp a corporate opportunity, they violate their fiduciary duty to the corporation. As a result, they must disgorge any illegal profits or benefits they received to the corporation itself, not to individual shareholders or the courts. This is because the opportunity belongs to the corporation and not to any individual shareholder or director. Therefore, option D is the correct answer.

The Courts Have Held That Officers and Directors That Usurp