Mich. Comp. Laws § 450.2556

Current through Public Act 149 of the 2024 Legislative Session
Section 450.2556 - Volunteer's acts or omissions; claim for monetary damages

If the corporation's articles of incorporation contain a provision authorized under section 209(e), then a claim for monetary damages for a volunteer director, volunteer officer, or other volunteer's acts or omissions shall not be brought or maintained against a volunteer director, volunteer officer, or other volunteer. The claim shall be brought and maintained against the corporation.

MCL 450.2556

Add. 1993, Act 129, imd. eff. 7/22/1993 ;--Am. 1996, Act 457, imd. eff. 12/23/1996 .