There is a newer version of the New York Consolidated Laws
2006 New York Code - Liability Of The Trustees Of A Non-profit Racing Association.
§ 202-c. Liability of the trustees of a non-profit racing association. The trustees of a non-profit racing association, 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.
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