3600

Any director or member of any committee designated by the board of directors who relies on the accounting books and records of the corporation or on the financial statements prepared by any of its officers or by independent certified public accountants or by an appraiser selected with reasonable care by the board of directors, shall be fully protected as to the value or amount of the assets, liabilities and its net profits, or any thereof, or of any fact pertinent to the existence or amount of surplus or other funds from which dividends might properly be declared and paid; or from which the stock of the corporation might properly be purchased or redeemed.\nHistory —Dec. 16, 2009, No. 164, § 5.20.