What legal duties do directors have? Do they risk personal liability?
Under California law, directors bear all legal authority and responsibility for governing a nonprofit organization (“The buck stops here,” in President Truman’s words). While it is rare, board members of California nonprofit public benefit corporations can be held personally liable for breach of their duties to the corporation and to third parties, as described below. Careful attention to the legal standard of care will help board members avoid liability.
Related Questions
- If an employee signs an Agreement without an institutional review and signature, is the employee personally at risk for liability and legal process?
- Is perception of the risk of liability for visitor accidents a barrier to countryside access?
- Is legal assistance and bail bond coverage included with the boat liability policy?
