Revised Code of Washington
Chapter 23B.08 - Directors and Officers.
23B.08.320 - Limitation on liability of directors.

RCW 23B.08.320
Limitation on liability of directors.

The articles of incorporation may contain provisions not inconsistent with law that eliminate or limit the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director, provided that such provisions shall not eliminate or limit the liability of a director for acts or omissions that involve intentional misconduct by a director or a knowing violation of law by a director, for conduct violating RCW 23B.08.310, or for any transaction from which the director will personally receive a benefit in money, property, or services to which the director is not legally entitled. No such provision shall eliminate or limit the liability of a director for any act or omission occurring prior to the date when such provision becomes effective.

[ 1989 c 165 § 99.]

Structure Revised Code of Washington