State Codes and Statutes

Statutes > New-york > Pml > Article-2 > 202-a

§  202-a.  Liability of the directors of a franchised corporation. The  directors of a franchised corporation, and any person or persons  acting  on their behalf, while acting within the scope of their authority, shall  be exempt from any personal liability resulting from carrying out any of  the  powers  expressly  given  in  this  chapter,  except  for  acts  of  malfeasance or gross negligence.

State Codes and Statutes

Statutes > New-york > Pml > Article-2 > 202-a

§  202-a.  Liability of the directors of a franchised corporation. The  directors of a franchised corporation, and any person or persons  acting  on their behalf, while acting within the scope of their authority, shall  be exempt from any personal liability resulting from carrying out any of  the  powers  expressly  given  in  this  chapter,  except  for  acts  of  malfeasance or gross negligence.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pml > Article-2 > 202-a

§  202-a.  Liability of the directors of a franchised corporation. The  directors of a franchised corporation, and any person or persons  acting  on their behalf, while acting within the scope of their authority, shall  be exempt from any personal liability resulting from carrying out any of  the  powers  expressly  given  in  this  chapter,  except  for  acts  of  malfeasance or gross negligence.