§ 5-417
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/md/courts-and-judicial-proceedings/5-417·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–417.
(a)In this section, “act” has the meaning stated in § 2–405.1 of the Corporations and Associations Article.
(b)A present or former director of a corporation who while a director acts or acted in accordance with the standard of conduct provided in § 2–405.1 of the Corporations and Associations Article has no liability in any action based on an act of the director.