Source: https://www.epsten.com/5800-limitations-on-officer-and-director-liability/
Timestamp: 2019-06-25 18:02:48
Document Index: 330346309

Matched Legal Cases: ['§5800', '§5800', '§5800', 'art 5', '§5800', '§1365']

Civil Code §5800. Limitations on Officer and Director Liability – Epsten Grinnell & Howell
Civil Code §5800. Limitations on Officer and Director Liability
Home Civil Code §5800. Limitations on Officer and Director Liability
California Civil Code > Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act) > Chapter 9. Insurance and Liability > Civil Code §5800. Limitations on Officer and Director Liability
(a) A volunteer officer or volunteer director described in subdivision (e) of an association that manages a common interest development that is residential or mixed use, shall not be personally liable in excess of the coverage of insurance specified in paragraph (4) to any person who suffers injury, including, but not limited to, bodily injury, emotional distress, wrongful death, or property damage or loss as a result of the tortious act or omission of the volunteer officer or volunteer director if all of the following criteria are met:
(2) It is the intent of the Legislature that this section clarify the scope of association duties to which the protections against personal liability in this section apply. It is not the intent of the Legislature that these clarifications be construed to expand, or limit, the fiduciary duties owed by the directors or officers. [2017 – Based on former §1365.7]