- Limitation of Liability. A Director shall not be liable to the Association for breach of duty as Director for monetary damages in an amount excess of the compensation received by such Director for serving the Association during the year of such breach (or such lesser amount as may hereafter be permitted by the Connecticut Revised Nonstock Association Act), except to the extent such exemption from liability or limitation thereof is not permitted under the Connecticut Revised Nonstock Association Act as currently in effect or as the same may hereafter be amended. No amendment, modification or repeal of this provision shall adversely affect any right or protection of a Director that exists at the time of such amendment, modification or repeal.
- The Association shall indemnify, and advance expenses to, its Directors, officers, employees, and agents to the maximum extent permitted by the Connecticut Revised Nonstock Association Act, as amended. The Association may procure insurance providing greater indemnification to such persons as well as to volunteers, and may share the premium cost with any Director, officer, employee or agent on such basis as may be agreed upon.
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