W. Va. Code § 31F-4-402: Limitation upon liability of officers.
Where this section sits in the code
- CHAPTER 31F. WEST VIRGINIA BENEFIT CORPORATION ACT.
- 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