(a) A director is not liable for any action taken as a director, or any failure to take any action, unless:
- (1) the director has breached or failed to perform the duties of the director's office under sections 1 through 4 of this chapter; and
- (2) the breach or failure to perform constitutes willful misconduct or recklessness.
- (b) The exemption from liability provided by this section does not apply to any proceeding brought by the department against a director.
As added by P.L.14-1992, SEC.163.