Section 5-417 - Immunity - Directors of corporations generally(a) In this section, "act" has the meaning stated in § 2-405.1 of the Corporations and Associations Article.(b) A present or former director of a corporation who while a director acts or acted in accordance with the standard of conduct provided in § 2-405.1 of the Corporations and Associations Article has no liability in any action based on an act of the director.Amended by 2016 Md. Laws, Ch. 171,Sec. 1, eff. 10/1/2016.Amended by 2016 Md. Laws, Ch. 170,Sec. 1, eff. 10/1/2016.