Arizona Revised Statutes Title 10. Corporations and Associations § 10-831. Standards of liability for directors; presumption

A director is not liable for any action taken as a director or any failure to take any action if the director's duties were performed in compliance with § 10-830. In any proceeding commenced under this chapter, a director has all of the defenses and presumptions ordinarily available to a director. A director is presumed in all cases to have acted, failed to act or otherwise discharged the director's duties pursuant to § 10-830. The burden is on the party challenging a director's action, failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption.