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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 52
Motor Vehicle Accident Indemnification Corporation
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SECTION 5204
Board of directors
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ARTICLE 52
Motor Vehicle Accident Indemnification Corporation
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SECTION 5206
Powers of corporation
This entry was published on 2014-09-22
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SECTION 5205
Liability of directors and members
Insurance (ISC) CHAPTER 28, ARTICLE 52
§ 5205. Liability of directors and members. (a) No director shall be
individually liable for anything done or any liability incurred or
assumed by virtue of this article and any such liability shall be
collectible only from the corporation.

(b) No member shall be subject to any liability except for unpaid
assessments.