Indiana § 21-9-4-12 Duties of authority

Indiana Statutes

§ 21-9-4-12 — Duties of authority

Indiana·Title 21 HIGHER EDUCATION·Art. 9 EDUCATION SAVINGS PROGRAMS·Ch. 4 Authority Board of Directors and Officers

The authority shall do the following:

(1)Provide the board and each member, officer, employee, consultant, counsel, and agent of the authority or the board a defense in a suit arising out of the performance of duties for or on behalf of the authority or the board, if the board determines that the duties were performed in good faith.

(2)Save a person described in subdivision (1) or the board harmless from any liability, cost, or damage in connection with an action arising out of the performance of duties for or on behalf of the authority or the board, including the payment of any legal fees, except where the liability, cost, or damage is predicated on, or arises out of, the bad faith of the person or the board, or is based on the person's or board's malfeasance in the performance of dutie

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The authority shall do the following:
(1) Provide the board and each member, officer, employee,
consultant, counsel, and agent of the authority or the board a
defense in a suit arising out of the performance of duties for or on
behalf of the authority or the board, if the board determines that
the duties were performed in good faith.
(2) Save a person described in subdivision (1) or the board
harmless from any liability, cost, or damage in connection with an
action arising out of the performance of duties for or on behalf of
the authority or the board, including the payment of any legal
fees, except where the liability, cost, or damage is predicated on,
or arises out of, the bad faith of the person or the board, or is
based on the person's or board's malfeasance in the performance
of duties.

Indiana § 21-9-4-12 (Duties of authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.