{"data":{"id":"us-md/md.-code-courts-and-judicial-proceedings-5-417","jurisdiction":"us-md","citation":"Md. Code, Courts and Judicial Proceedings § 5–417","heading":"","body":"(a) In this section, “act” has the meaning stated in § 2–405.1 of the Corporations and Associations Article.\n(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.","path":["Article - Courts and Judicial Proceedings"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcj\u0026section=5-417","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:03Z","sha256":"c9f00791823b12d4440b60c5a21dac9d14cf6c2559af5425db7aafae381abcdc","source_id":"us-md","stale":false,"prev":"us-md/md.-code-courts-and-judicial-proceedings-5-416","next":"us-md/md.-code-courts-and-judicial-proceedings-5-418"},"notice":"GroundRules: Original legal text. Not legal advice."}