(1) In cases where an executive director has acted intentionally or with gross negligence in violation of any statute or of the articles of incorporation or has neglected his/her duties, he/she shall be liable for damage against the company with executive directors.
(2) In cases where an executive director has neglected his/her duties by intention or gross negligence, he/she shall be liable for damage suffered by a third party, if any.
(3) In cases where an executive director is liable for damage against the company with executive directors or a third party, if other executive director, director or auditor is also responsible therefor, the executive director shall be jointly and severally liable for damage with such other executive director, director or auditor.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]