(a) A trustee shall not be: (1) personally liable for any liability, loss, or expense suffered by the trust, unless such liability, loss, or expense arises out of or results from the willful misconduct or intentional wrongdoing of such trustee; (2) responsible for the adequacy of the trust to meet and discharge any obligation under the relevant health care post-employment benefit plan; or (3) required to take action to enforce the payment of any contribution or appropriation to the trust.
(b) The trustees may be indemnified by the trusts and from funds of the trusts against costs, liabilities, losses, damages, and expenses, including their attorneys fees, as more fully provided in the respective trust agreements, unless such cost, liability, loss, damage, or expense arises out of or results from the willful misconduct or intentional wrongdoing of such trustee.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Chapter 36 - Alabama Retiree Health Care Funding Act of 2007,
Section 36-36-1 - Legislative Findings.
Section 36-36-2 - Short Title.
Section 36-36-3 - Definitions.
Section 36-36-4 - Trust Instrument; Trustees.
Section 36-36-5 - Management and Control of Trust; Powers of Trustees; Payment of Expenses.
Section 36-36-7 - Legislative Intent.
Section 36-36-8 - Liability of Trustees.
Section 36-36-9 - Applicability of Chapter.
Section 36-36-10 - Permanent Legislative Oversight Committee.