Statute · New York Racing, Pari-Mutuel Wagering and Breeding Law
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 202-a — Liability of the directors of a franchised corporation
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 202-a
- Type
- Statute
- Source
- New York Racing, Pari-Mutuel Wagering and Breeding Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 202-a — Liability of the directors of a franchised corporation is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.