The Florida Senate

282.5005  Immunity from liability for directors and officers of businesses.--

(1)  A director or officer of a business has absolute and complete immunity from personal liability for any damages resulting from the failure of the information technology products of the business to be year 2000 compliant if the officer or director has either instructed the business or received written assurance from another officer or director that the business has been instructed to:

(a)  Take steps to determine whether those products are year 2000 compliant;

(b)  Develop and implement a plan to take actions necessary to make those products year 2000 compliant; and

(c)  Inquire whether the information technology products of the entities on whose goods or services the business relies are year 2000 compliant.

(2)  A director or officer who does not have absolute and complete immunity from personal liability under subsection (1) nevertheless has immunity from personal liability to the extent provided in chapter 607 or chapter 617.

History.--s. 5, ch. 99-230.