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This entry was published on 2014-09-22
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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.