{"data":{"id":"us-mo/mo.-rev.-stat.-351.1078","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 351.1078","heading":"Personal liability of directors, limitations.","body":"1. A director's personal liability to the cooperative or members for monetary damages for breach of fiduciary duty as a director may be eliminated or limited in the articles or bylaws except as provided in subsection 2 of this section.\n2. The articles or bylaws shall not eliminate or limit the liability of a director:\n(1) For a breach of the director's duty of loyalty to the cooperative or its members;\n(2) For acts or omissions that are not in good faith and involve intentional misconduct by the director;\n(3) For illegal distributions;\n(4) For a transaction from which the director derived an improper personal benefit; or\n(5) For an act or omission occurring before the date when the provision in the articles or bylaws eliminating or limiting liability becomes effective.","path":["Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS","Chapter 351 - General and Business Corporations"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=351.1078","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"495b7f4f5cfe95fdceb73028dee85da9097e4da8468d9f1a235780de6c837246","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-351.1075","next":"us-mo/mo.-rev.-stat.-351.1081"},"notice":"GroundRules: Original legal text. Not legal advice."}