There is a newer version
of
the New York Laws
2021 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - Thoroughbred Racing and Breeding
202-A - Liability of the Directors of a Franchised Corporation.
Universal Citation: NY Rac, Pari-Mut Wag & Breeding L § 202-A (2021)
§ 202-a. Liability of the directors of a franchised corporation. The directors of a franchised corporation, 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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