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* § 720-a. Liability of directors, officers and trustees.

  Except  as  provided  in  sections  seven  hundred  nineteen and seven    
hundred twenty of this chapter, and  except  any  action  or  proceeding    
brought  by  the attorney general or, in the case of a charitable trust,    
an action or proceeding against a trustee brought by  a  beneficiary  of    
such  trust,  no  person  serving  without  compensation  as a director,    
officer or trustee of a corporation, association, organization or  trust    
described  in  section 501 (c) (3) of the United States internal revenue    
code shall  be  liable  to  any  person  other  than  such  corporation,    
association, organization or trust based solely on his or her conduct in    
the  execution  of  such  office  unless  the  conduct of such director,    
officer or trustee  with  respect  to  the  person  asserting  liability    
constituted gross negligence or was intended to cause the resulting harm    
to  the  person  asserting such liability. For purposes of this section,    
such a director, officer or trustee shall not be considered  compensated    
solely  by  reason  of payment of his or her actual expenses incurred in    
attending meetings or otherwise in the execution of such office.
 

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