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Which of the following is TRUE? Corporations are no longer allowed to purchase indemnification insurance. Directors of a corporation owe a duty of care but

Which of the following is TRUE?

Corporations are no longer allowed to purchase indemnification insurance.

Directors of a corporation owe a duty of care but not a duty of loyalty.

Directors are not allowed to receive direct monetary compensation for their service to the corporation.

The business judgment rule offers significant protection to corporate decision makers.

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