There Is a Newer Version
of
this Section
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.
Disclaimer: These codes may not be the most recent version. Maryland 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.
