FEDERAL · 5 U.S.C. · Chapter SUBCHAPTER VII—FEDERAL RETIREMENT THRIFT INVESTMENT MANAGEMENT SYSTEM
Exculpatory provisions; insurance
5 U.S.C. § 8479
Title5 — Government Organization and Employees
ChapterSUBCHAPTER VII—FEDERAL RETIREMENT THRIFT INVESTMENT MANAGEMENT SYSTEM
This text of 5 U.S.C. § 8479 (Exculpatory provisions; insurance) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
5 U.S.C. § 8479.
Text
(a)Any provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this subchapter shall be void.
(b)(1) The Executive Director may require employing agencies to contribute an amount not to exceed 1 percent of the amount such agencies are required to contribute in accordance with section 8432(c) of this title to the Thrift Savings Fund.
(2)The sums credited to the Thrift Savings Fund under paragraph (1) shall be available and may be used at the discretion of the Executive Director to purchase insurance to cover potential liability of persons who serve in a fiduciary capacity with respect to the Thrift Savings Fund, without regard to whether a policy of insurance permits recourse by the in
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Related
§ 8432
5 U.S.C. § 8432
Source Credit
History
(Added Pub. L. 99–335, title I, §101(a), June 6, 1986, 100 Stat. 588.)
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Bluebook (online)
5 U.S.C. § 8479, Counsel Stack Legal Research, https://law.counselstack.com/usc/5/8479.