Insurance Law 5205 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5204 Board of directors up ARTICLE 52 Motor Vehicle Accident Indemnification Corporation next SECTION 5206 Powers of corporation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 5205 Liability of directors and members Insurance (ISC) CHAPTER 28, ARTICLE 52 § 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.