INTRODUCED
HB 972 -- Civil Liability
Co-Sponsors: Hohulin, Vogel, Howerton, Purgason
This bill limits the civil liability of compensated officers and
board members of not for profit corporations. If the officer or
board member receives a salary or prorated equivalent, the
officer or member may be liable for an amount not to exceed the
greater of $100,000 or 3 times the compensation received by the
person during the preceding year.

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Last Updated September 30, 1999 at 1:28 pm