There is a newer version of the West Virginia Code
2016 West Virginia Code
CHAPTER 31F. WEST VIRGINIA BENEFIT CORPORATION ACT
ARTICLE 4. DIRECTORS AND OFFICERS.
§31F-4-402. Limitation upon liability of officers.
WV Code § 31F-4-402 (2016) What's This?
An officer of a benefit corporation has no liability for actions taken that the officer believes, in his or her good faith business judgment, are consistent with: (i) The general public benefit or specific public benefit specified in the articles of incorporation or bylaws or otherwise adopted by the board of directors; and (ii) the requirements of any third-party standard then in effect for the corporation.
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