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.