N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 202-a: Liability of the directors of a franchised corporation

§ 202-a. Liability of the directors of a franchised corporation. The

directors of a franchised corporation, and any person or persons acting

on their behalf, while acting within the scope of their authority, shall

be exempt from any personal liability resulting from carrying out any of

the powers expressly given in this chapter, except for acts of

malfeasance or gross negligence.