There is a newer version
of
the New York Laws
2018 New York Laws
ISC - Insurance
Article 52 - Motor Vehicle Accident Indemnification Corporation
5205 - Liability of Directors and Members.
Universal Citation: NY Ins L § 5205 (2018)
§ 5205. Liability of directors and members. (a) No director shall be individually liable for anything done or any liability incurred or assumed by virtue of this article and any such liability shall be collectible only from the corporation.
(b) No member shall be subject to any liability except for unpaid assessments.
Disclaimer: These codes may not be the most recent version. New York 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.
