The members of the board and officers or employees of the foundation are not liable personally, either jointly or severally, for any debt or obligation created or incurred by the foundation unless that conduct is deemed to be gross misconduct or reckless.
R.I. Gen. Laws § 27-66-17
Personal liability excluded
Known as the The Health Insurance Conversions Act
The act spans §§ 27–27 (28 sections).
P.L. 1999, ch. 215, § 1; P.L. 1999, ch. 376, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.