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§ 5-417. Corporate directors

West's Annotated Code of MarylandCourts and Judicial ProceedingsEffective: October 1, 2016

West's Annotated Code of Maryland
Courts and Judicial Proceedings
Title 5. Limitations, Prohibited Actions, and Immunities (Refs & Annos)
Subtitle 4. Immunities and Prohibited Actions--Businesses, Associations, and Charities (Refs & Annos)
Effective: October 1, 2016
MD Code, Courts and Judicial Proceedings, § 5-417
§ 5-417. Corporate directors
Currentness
“Act” defined
(a) In this section, “act” has the meaning stated in § 2-405.1 of the Corporations and Associations Article.
Immunity
(b) A present or former director of a corporation who while a director acts or acted in accordance with the standard of conduct provided in § 2-405.1 of the Corporations and Associations Article has no liability in any action based on an act of the director.

Credits

Added as Courts and Judicial Proceedings § 5-348 by Acts 1990, c. 546, § 3, eff. Oct. 1, 1990. Renumbered as Courts and Judicial Proceedings § 5-417 by Acts 1997, c. 14, § 9, eff. April 8, 1997. Amended by Acts 2016, c. 170, § 1, eff. Oct. 1, 2016; Acts 2016, c. 171, § 1, eff. Oct. 1, 2016.
MD Code, Courts and Judicial Proceedings, § 5-417, MD CTS & JUD PRO § 5-417
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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