HB 209 establishes a standard of care for corporate directors and officers in the performance of their duties; permits indemnification in certain instances for directors, officers, agents, and employees who are made a party to or threatened with litigation arising out of their activities for the corporation; permits inclusion in
The Act declares the public policy of the State to be that municipal corporations are immune from liability for legislative or judicial actions. The purchase of liability insurance by the municipal corporation will not waive this immunity except as provided in O.C.G.A. 33-24-51, or unless
