Va. Code Ann. § 15.2-1753 – Liability of board members | Midpage
§ 15.2-1753
Va. Code Ann. § 15.2-1753
Liability of board members
Effective Jul 1, 19971993, c. 935, § 15.1-159.7:7; 1997, c. 587.
No member of the board of directors of an academy shall be personally liable for any indebtedness, obligation or other liability of an academy, barring willful misconduct.