N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 202-A

Current through 2024 NY Law Chapter 443
Section 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.

N.Y. Rac. Pari-Mut. Wag. and Breed. Law § 202-A