TITLE 27
Insurance

CHAPTER 27-66
The Health Insurance Conversions Act

SECTION 27-66-17


§ 27-66-17 Personal liability excluded.

The members of the board and officers or employees of the foundation are not liable personally, either jointly or severally, for any debt or obligation created or incurred by the foundation unless that conduct is deemed to be gross misconduct or reckless.

History of Section.
(P.L. 1999, ch. 215, § 1; P.L. 1999, ch. 376, § 1.)