California Corporations Code

§ 5239

CORP § 5239 Effective Jan 1, 1994Div. 2 · Title 1 · Part 2 · Ch. 2 · Art. 3

Statute text

(a)There shall be no personal liability to a third party for monetary damages on the part of a volunteer director or volunteer executive officer of a nonprofit corporation subject to this part, caused by the director’s or officer’s negligent act or omission in the performance of that person’s duties as a director or officer, if all of the following conditions are met:

(1)The act or omission was within the scope of the director’s or executive officer’s duties.

(2)The act or omission was performed in good faith.

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Legislative history

Amended by Stats. 1993, Ch. 634, Sec. 1. Effective January 1, 1994.