Kansas § 75-42b06 Indemnification of state-managed funds, officers and employees by the state

Kansas Statutes

§ 75-42b06 — Indemnification of state-managed funds, officers and employees by the state

Kansas·Ch. 75 STATE DEPARTMENTS; PUBLIC OFFICERS AND EMPLOYEES·Art. 42b COUNTRIES OF CONCERN DIVESTMENT ACT

In a cause of action based on an action, inaction, decision, divestment, investment, report or other determination made or taken in compliance with this act, without regard to whether the person performed services for compensation, the state shall indemnify and hold harmless for actual damages, court costs and attorney fees adjudged against members of a state-managed fund or any other officers of such state-managed fund related to the act or omission on which the damages are based and defend the state-managed fund and any of such state-managed fund's current and former employees.

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In a cause of action based on an action, inaction, decision, divestment, investment, report or other determination made or taken in compliance with this act, without regard to whether the person performed services for compensation, the state shall indemnify and hold harmless for actual damages, court costs and attorney fees adjudged against members of a state-managed fund or any other officers of such state-managed fund related to the act or omission on which the damages are based and defend the state-managed fund and any of such state-managed fund's current and former employees.

Kansas § 75-42b06 (Indemnification of state-managed funds, officers and employees by the state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.