{"data":{"id":"us-pa/17-pa.c.s.-712","jurisdiction":"us-pa","citation":"17 Pa.C.S. § 712","heading":"Indemnification and exoneration from liability of directors and officers.","body":"(a) Indemnification.--A credit union shall be governed by the provisions of 15 Pa.C.S. Ch. 17 Subch. D (relating to indemnification).\n(b) Exoneration from liability of volunteer officers.--Volunteer officers of Federal, State and out-of-State credit unions shall be entitled to the protection and rights set forth in 15 Pa.C.S. § 513 (relating to personal liability of directors) if the membership adopts a bylaw to that effect.\n(c) Standard of care and personal liability of directors.--See 15 Pa.C.S. §§ 512 (relating to standard of care and justifiable reliance) and 513.","path":["Title 17 - CREDIT UNIONS","CHAPTER 7 MEMBERS, DIRECTORS AND OFFICERS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=17\u0026div=0\u0026chpt=7\u0026sctn=12\u0026subsctn=0","current_through":"2024-03-04 (Statute Update stamp, 17 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:23Z","sha256":"6d37ebb0268b9d826f905f1aec0aa32976d502db4f4397db2ded5d50c75437d0","source_id":"us-pa","stale":false,"prev":"us-pa/17-pa.c.s.-711","next":"us-pa/17-pa.c.s.-713"},"notice":"GroundRules: Original legal text. Not legal advice."}