[§386A-6] Limitation of liability of directors.
61 words·~1 min read·
/hi/386a-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§386A-6] Limitation of liability of directors. If an investment manager has been appointed under this chapter, no director shall be liable for the acts or omissions of such investment manager or be under an obligation to invest or otherwise manage any assets of the fund, which are subject to management by the investment manager. [L 1985, c 296, pt of §11]