Bill Title: Authorizes the certificate of incorporation of a not-for-profit corporation to eliminate or limit the personal liability of directors to the corporation or its members provided that liability for acts or omissions which were in bad faith, intentional misconduct or a knowing violation of law shall not be limited or eliminated; does not apply to medical or dental corporations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S02138 Detail]

Text: Latest bill text (Introduced) [HTML]

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