Va. Code § 13.1-789

Current with changes from the 2024 legislative session through ch. 845
Section 13.1-789 - Limitation upon liability of officers

An officer of a benefit corporation shall have no liability for actions taken that the officer believes, in his good faith business judgment, are consistent with (i) the general public benefit or specific public benefit specified in the articles of incorporation or bylaws or otherwise adopted by the board of directors and (ii) the requirements of any third-party standard then in effect for the corporation.

Va. Code § 13.1-789

2011, c. 698.
Amended by Acts 2011, § c. 698.