Legislation
SECTION 1317
Liabilities of directors and officers of foreign corporations
Business Corporation (BSC) CHAPTER 4, ARTICLE 13
§ 1317. Liabilities of directors and officers of foreign corporations.
(a) Except as otherwise provided in this chapter, the directors and
officers of a foreign corporation doing business in this state are
subject, to the same extent as directors and officers of a domestic
corporation, to the provisions of:
(1) Section 719 (Liability of directors in certain cases) except
subparagraph (a) (3) thereof, and
(2) Section 720 (Action against directors and officers for
misconduct.)
(b) Any liability imposed by paragraph (a) may be enforced in, and
such relief granted by, the courts in this state, in the same manner as
in the case of a domestic corporation.
(a) Except as otherwise provided in this chapter, the directors and
officers of a foreign corporation doing business in this state are
subject, to the same extent as directors and officers of a domestic
corporation, to the provisions of:
(1) Section 719 (Liability of directors in certain cases) except
subparagraph (a) (3) thereof, and
(2) Section 720 (Action against directors and officers for
misconduct.)
(b) Any liability imposed by paragraph (a) may be enforced in, and
such relief granted by, the courts in this state, in the same manner as
in the case of a domestic corporation.