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 violation of the criminal law.
C) liability under Section 8.33 for unlawful distributions.
D) an intentional infliction of harm on the corporation or the shareholders.
E) All of these are correct.