The charter of the corporation may include any provision expanding or limiting the liability of its directors and officers to the corporation or its stockholders as described under § 5-418 of the Courts and Judicial Proceedings Article.

Added by Acts 1988, c. 3; Acts 1988, c. 4. Amended by Acts 1990, c. 546, § 3; Acts 1997, c. 14, § 20, eff. April 8, 1997.