New York Statutes
§ 202-A — Liability of the directors of a franchised corporation
New York·Law PML Racing, Pari-Mutuel Wagering and Breeding Law·Art. 2 Thoroughbred Racing and Breeding
§ 202-a. Liability of the directors of a franchised corporation. The\ndirectors of a franchised corporation, and any person or persons acting\non their behalf, while acting within the scope of their authority, shall\nbe exempt from any personal liability resulting from carrying out any of\nthe powers expressly given in this chapter, except for acts of\nmalfeasance or gross negligence.\n
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