06.08.130 Liability for Unlawful Distributions.
(1) Unless he or she complies with the applicable standards of conduct described in Chapter 06.08.110, a director who votes for or assents to a distribution made in violation of this Title or the articles of incorporation is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating this Title or the articles of incorporation.
(2) A director held liable for an unlawful distribution under section (1) of this chapter is entitled to contribution:
(A) From every other director who voted for or assented to the distribution without complying with the applicable standards of conduct described in Chapter 06.08.110; and
(B) From each shareholder for the amount the shareholder accepted knowing the distribution was made in violation of this act or the articles of incorporation.