513 - Personal liability of directors.

     § 513.  Personal liability of directors.        (a)  General rule.--If a bylaw adopted by the shareholders     entitled to vote or members entitled to vote of a domestic     corporation so provides, a director shall not be personally     liable, as such, for monetary damages for any action taken     unless:            (1)  the director has breached or failed to perform the        duties of his office under this subchapter; and            (2)  the breach or failure to perform constitutes self-        dealing, willful misconduct or recklessness.        (b)  Exceptions.--Subsection (a) shall not apply to:            (1)  the responsibility or liability of a director        pursuant to any criminal statute; or            (2)  the liability of a director for the payment of taxes        pursuant to Federal, State or local law.        (c)  Cross reference.--See 42 Pa.C.S. § 8332.5 (relating to     corporate representatives).        Cross References.  Section 513 is referred to in section 712     of Title 17 (Credit Unions).