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This entry was published on The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date. See most recent version before or on: Find a Lawyer. Law Students. US Federal Law. In performing his duties, a director shall be entitled to rely on information, opinions, reports or statements including financial statements and other financial data, in each case prepared or presented by:.

A person who so performs his duties shall have no liability by reason of being or having been a director of the corporation. Indemnification of directors and officers by a court. Other provisions affecting indemnification of directors and officers. Insurance for indemnification of directors and officers. Annual reports for certain transactions required. Board of directors. Number of directors. Election and term of directors. Classification of directors.