The Revised Act Authorizes the Articles of Incorporation to Include

Multiple Choice

The Revised Act authorizes the articles of incorporation to include a provision eliminating or limiting, with certain exceptions, the liability of a director to the corporation or its shareholders for any action he takes, or fails to take, as director. These limitations or exceptions, for which liability would not be affected, include:

A) the amount of any financial benefit the director receives to which he is not entitled, such as a bribe, kickback, or profits from a usurped corporate opportunity.
B) an intentional infliction of harm on the corporation or the shareholders.
C) liability under Section 8.33 for unlawful distributions.
D) All of these are correct.