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2019 Maryland Code
Courts and Judicial Proceedings
Title 5 - Limitations, Prohibited Actions, and Immunities
Subtitle 4 - Immunities and Prohibited Actions -- Businesses, Associations, and Charities
§ 5-417. Immunity -- Directors of corporations generally

Universal Citation:
MD Cts & Jud Pro Code § 5-417 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    In this section, “act” has the meaning stated in § 2–405.1 of the Corporations and Associations Article.

    (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.

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