§5713. Personal liability of directors.  


Latest version.
  • (a) General rule.--If a bylaw adopted by the members of a nonprofit corporation so provides, a director shall not be personally liable, as such, for monetary damages for any action taken unless:

    (1) the director has breached or failed to perform the duties of his office under this subchapter; and

    (2) the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness.

    (b) Exception.--Subsection (a) shall not apply to:

    (1) the responsibility or liability of a director pursuant to any criminal statute; or

    (2) the liability of a director for the payment of taxes pursuant to Federal, State or local law.

    (c) Cross reference.--See 42 Pa.C.S. § 8332.5 (relating to corporate representatives).

Notation

Cross References.  Section 5713 is referred to in sections 5504, 5505 of this title.