2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 57 - Officers, Directors and Members
5713 - Personal liability of directors.

     § 5713.  Personal liability of directors.
        (a)  General rule.--If a bylaw adopted by the members of a
     nonprofit corporation so provides, a director shall not be
     personally liable, as such, for monetary damages for any action
     taken unless:
            (1)  the director has breached or failed to perform the
        duties of his office under this subchapter; and
            (2)  the breach or failure to perform constitutes self-
        dealing, willful misconduct or recklessness.
        (b)  Exception.--Subsection (a) shall not apply to:
            (1)  the responsibility or liability of a director
        pursuant to any criminal statute; or
            (2)  the liability of a director for the payment of taxes
        pursuant to Federal, State or local law.
        (c)  Cross reference.--See 42 Pa.C.S. § 8332.5 (relating to
     corporate representatives).

        Cross References.  Section 5713 is referred to in sections
     5504, 5505 of this title.

Disclaimer: These codes may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.