New York · Through 2026-09-11

N.Y. Insurance Law § 5205: Liability of directors and members

Where this section sits in the code

§ 5205. Liability of directors and members. (a) No director shall be

individually liable for anything done or any liability incurred or

assumed by virtue of this article and any such liability shall be

collectible only from the corporation.

(b) No member shall be subject to any liability except for unpaid

assessments.

Collected 2026-09-14T19:32:45Z. Source file · JSON