Limitations on the effect of §§ 47-1A-831 and 47-1A-831.1

Nothing contained in §§ 47-1A-831 and 47-1A-831.1 : (1) In any instance where fairness is at issue, such as consideration of the fairness of a transaction to the corporation under subdivision 47-1A-861.1 (3), alters the burden of proving the fact or lack of fairness otherwise applicable; (2) Alters the fact or lack of liability of a director under another section of this chapter, such as the provisions governing the consequences of an unlawful distribution under §§ 47-1A-833 and 47-1A-833.1 , or a transactional interest under §§ 47-1A-861 and 47-1A-861.1 ; or (3) Affects any rights to which the corporation or a shareholder may be entitled under another statute of this state or the United States. Source: SL 2005, ch 239 , § 161.