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W. Va. Code § 31F-4-402

Limitation upon liability of officers

West Virginia · West Virginia Code Chapter 31F — West Virginia Benefit Corporation Act · Status: effective

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W. Va. Code § 31F-4-402, Limitation upon liability of officers, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2382182
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An officer of a benefit corporation has no liability for actions taken that the officer believes, in his or her 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.