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The Laws of New York
Consolidated Laws of New York
CHAPTER 47-A
Racing, Pari-Mutuel Wagering and Breeding Law
ARTICLE 2
Thoroughbred Racing and Breeding
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SECTION 202
Restriction upon commencement of business
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ARTICLE 2
Thoroughbred Racing and Breeding
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SECTION 202-B
No debt of the state
This entry was published on 2014-09-22
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SECTION 202-A
Liability of the directors of a franchised corporation
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 2
§ 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.