The cap on monetary damages statute holds that the maximum liability that may be imposed on directors is the greater of:
A. $50,000 or the amount of cash compensation that the director received from the corporation during the previous 12 months.
B. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 12 months.
C. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 36 months.
D. $100,000 or the amount of cash compensation that the director received from the corporation during the previous 24 months.
Answer: B
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