CODE OF VIRGINIA

LIMITATION UPON LIABILITY OF OFFICERS (§ 13.1-789)

An officer of a benefit corporation shall have no liability for actions taken
that the officer believes, in his good faith business judgment, are consistent
with (i) the general public benefit or specific public benefit specified in the
articles of incorporation or bylaws or otherwise adopted by the board of
directors and (ii) the requirements of any third-party standard then in effect
for the corporation.

HISTORY: 2011, c. 698.