Arizona Arizona Revised Statutes
§ 10-831 — Standards of liability for directors; presumption
ARS § 10-831Title 10. Corporations and Associations · Ch. 8. DIRECTORS AND OFFICERS · Art. 3. Standards of Conduct
Statute text
View on source10-831. 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 section 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 section 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.