P.R. Laws tit. 3, § 9234

2019-02-20 00:00:00+00
§ 9234. Immunity and fiduciary duties

The members of the Board shall not be held personally liable for an act done or omitted by them in good faith, in their capacity and within their authority, absent clear and convincing evidence of gross negligence involving reckless disregard of, and failure to perform their duties. Any civil action brought in any court against the members of the Board for gross negligence shall be dismissed with prejudice if the defendant produces documents showing such defendant was advised of relevant facts, participated in person or by phone, and deliberated in good faith or received and relied on the advice of experts in respect of whatever acts or omissions from the basis of the complaint.

All actions of the Board and the members thereof shall be governed by the highest standards of loyalty, trust, care, competence, and diligence in benefit of taxpayers and the constituents of the Commonwealth of Puerto Rico. The members of the Board shall not represent any creditor or interests other than those of taxpayers and the constituents of the Commonwealth of Puerto Rico.

History —Dec. 8, 2015, No. 208, § 105.