10-33-47. Immunity of officers, directors, and trustees

10-33-47. Immunity of officers, directors, and trustees Any person that serves as a director, officer, or trustee of a corporation that is, or would qualify as a nonprofit organization that is described in paragraphs 3, 4, 5, 6, 7, 10, and 19 of section 501(c) of the Internal Revenue Code of 1954, as amended [26 U.S.C. 501(c)(3), (4), (5), (6), (7), (10), and (19)], is immune from civil liability for any act or omission resulting in damage or injury if at the time of the act or omission all of the following are met: 1. The officer, director, or trustee was acting in good faith and in the scope of that person's official duties as a director, officer, or trustee. 2. The act or omission did not constitute willful misconduct or gross negligence on the part of the officer, director, or trustee. 3. The officer, director, or trustee did not receive or expect to receive reimbursement for or payment of expenses in excess of two thousand dollars per year for expenses actually incurred as a result of providing services as a director, officer, or trustee, and did not receive or expect to receive compensation or anything in lieu of compensation as payment for services provided as a director, officer, or trustee.