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Rs 40 600 97 — Louisiana Law | CourtGPT
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Louisiana Legal Code

Rs 40 600 97

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RS 40:600.97 - Liability of directors, officers, or employees of the corporation The directors, officers, or employees of the corporation, or any other person executing the bonds of the corporation shall not be personally liable on the bonds or be subject to any personal liability or accountability by reason of the issuance, sale, or delivery thereof while acting within the scope of their authority. Acts 2011, No. 408, §1, eff. July 5, 2011.