Md. Code, Courts and Judicial Proceedings § 5-417

Md. Code, Courts and Judicial Proceedings § 5-417
in effect
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(a) In this section, “act” has the meaning stated in § 2–405.1 of the Corporations and Associations Article. (b) A present or former director of a corporation who while a director acts or acted in accordance with the standard of conduct provided in § 2–405.1 of the Corporations and Associations Article has no liability in any action based on an act of the director.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcj&section=5-417&enactments=falseFetched: 10/16/2026

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