The Revised Act authorizes the articles of incorporation to include a provision eliminating or limiting,with certain exceptions,the liability of a director to the corporation or its shareholders for any action he takes,or fails to take,as director.These limitations or exceptions,for which liability would not be affected,include:
A)the amount of any financial benefit the director receives to which he is not entitled, such as a bribe, kickback, or profits from a usurped corporate opportunity.
B)an intentional infliction of harm on the corporation or the shareholders.
C)liability under Section 8.33 for unlawful distributions.
D)an intentional violation of the criminal law.
E)All of the above.

Question

Quizplus · Accepted Answer

All of the listed limitations or exceptions would not be affected by the provision eliminating or limiting a director's liability to the corporation or its shareholders. Therefore, the best choice is E, which includes all of the above options.

The Revised Act Authorizes the Articles of Incorporation to Include