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West Virginia · Through as of 2026-08-03; contains at least the enactments of the 2026 Regular Session · Newer source version available

W. Va. Code § 31F-4-402: Limitation upon liability of officers.

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Where this section sits in the code
  1. CHAPTER 31F. WEST VIRGINIA BENEFIT CORPORATION ACT.
  2. ARTICLE 4. DIRECTORS AND OFFICERS.

An officer of a benefit corporation has no liability for actions taken that the officer believes, in his or her good faith business judgment, are consistent with: (i) The general public benefit or specific public benefit specified in the articles of incorporation or bylaws or otherwise adopted by the board of directors; and (ii) the requirements of any third-party standard then in effect for the corporation.

Collected 2026-09-06T00:28:11Z. Source file · JSON

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