(a) This section shall apply to corporations publishing or mailing materials on behalf of any nominee in connection with procedures for the nomination and election of directors.
(b) Neither the corporation, nor its agents, officers, directors, or employees, may
be held criminally liable, liable for any negligence (active or passive) or otherwise
liable for damages to any person on account of any material which is supplied by a
nominee for director and which it mails or publishes in procedures intended to comply with Section 5520 or pursuant to Section 5523 or 5524, but the nominee on whose behalf such material was published or mailed shall be liable
and shall indemnify and hold the corporation, its agents, officers, directors and
employees and each of them harmless from all demands, costs, including reasonable
legal fees and expenses, claims, damages and causes of action arising out of such
material or any such mailing or publication.
(c) Nothing in this section shall prevent a corporation or any of its agents, officers,
directors, or employees from seeking a court order providing that the corporation need not mail or publish material tendered by or on
behalf of a nominee under this article on the ground the material will expose the moving party to liability.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.