Liability of Directors and Members.

  1. Law
  2. New York Laws
  3. Insurance
  4. Motor Vehicle Accident Indemnification Corporation
  5. Liability of Directors and Members.

Checkout our iOS App for a better way to browser and research.

§ 5205. Liability of directors and members. (a) No director shall be individually liable for anything done or any liability incurred or assumed by virtue of this article and any such liability shall be collectible only from the corporation.

(b) No member shall be subject to any liability except for unpaid assessments.


Download our app to see the most-to-date content.