N.D. Cent. Code § 10-33-47
This is the official text of N.D. Cent. Code § 10-33-47, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-33-47. Immunity of officers, directors, and trustees
Official statutory text
10-33-47. Immunity of officers, directors, and trustees
Any person that serves as a director, officer, or trustee of a corporation that is, or would
qualify as a nonprofit organization that is described in paragraphs 3, 4, 5, 6, 7, 10, and 19 of
section 501(c) of the Internal Revenue Code of 1954, as amended [26 U.S.C. 501(c)(3), (4), (5),
(6), (7), (10), and (19)], is immune from civil liability for any act or omission resulting in damage
or injury if at the time of the act or omission all of the following are met:
1. The officer, director, or trustee was acting in good faith and in the scope of that
person's official duties as a director, officer, or trustee.
2. The act or omission did not constitute willful misconduct or gross negligence on the
part of the officer, director, or trustee.
3. The officer, director, or trustee did not receive or expect to receive reimbursement for
or payment of expenses in excess of two thousand dollars per year for expenses
actually incurred as a result of providing services as a director, officer, or trustee, and
did not receive or expect to receive compensation or anything in lieu of compensation
as payment for services provided as a director, officer, or trustee.
Any person that serves as a director, officer, or trustee of a corporation that is, or would
qualify as a nonprofit organization that is described in paragraphs 3, 4, 5, 6, 7, 10, and 19 of
section 501(c) of the Internal Revenue Code of 1954, as amended [26 U.S.C. 501(c)(3), (4), (5),
(6), (7), (10), and (19)], is immune from civil liability for any act or omission resulting in damage
or injury if at the time of the act or omission all of the following are met:
1. The officer, director, or trustee was acting in good faith and in the scope of that
person's official duties as a director, officer, or trustee.
2. The act or omission did not constitute willful misconduct or gross negligence on the
part of the officer, director, or trustee.
3. The officer, director, or trustee did not receive or expect to receive reimbursement for
or payment of expenses in excess of two thousand dollars per year for expenses
actually incurred as a result of providing services as a director, officer, or trustee, and
did not receive or expect to receive compensation or anything in lieu of compensation
as payment for services provided as a director, officer, or trustee.
Status: in_force · Read it on the official government site
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