In addition to the immunity provisions of Section 866 of Title 18 of the Oklahoma Statutes, no member of the board of directors of a nonprofit corporation shall be personally liable to the corporation, or members thereof, for monetary damages for breach of fiduciary duty as a director, provided that such immunity from liability shall not extend to:

1. 1. any breach of the director's duty of loyalty to the corporation; or
2. 2. any acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law; or
3. 3. any transaction from which the director derived an improper personal benefit.

Laws 1987, HB 1169, c. 166, § 1, eff. November 1, 1987.