State Codes and Statutes

Statutes > New-york > Isc > Article-52 > 5205

§  5205.  Liability of directors and members. (a) No director shall be  individually liable for anything  done  or  any  liability  incurred  or  assumed  by  virtue  of  this  article  and  any such liability shall be  collectible only from the corporation.    (b) No member shall be subject to  any  liability  except  for  unpaid  assessments.

State Codes and Statutes

Statutes > New-york > Isc > Article-52 > 5205

§  5205.  Liability of directors and members. (a) No director shall be  individually liable for anything  done  or  any  liability  incurred  or  assumed  by  virtue  of  this  article  and  any such liability shall be  collectible only from the corporation.    (b) No member shall be subject to  any  liability  except  for  unpaid  assessments.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-52 > 5205

§  5205.  Liability of directors and members. (a) No director shall be  individually liable for anything  done  or  any  liability  incurred  or  assumed  by  virtue  of  this  article  and  any such liability shall be  collectible only from the corporation.    (b) No member shall be subject to  any  liability  except  for  unpaid  assessments.