Sec. 12. 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.
As added by P.L.165-1996, SEC.1.
Structure Indiana Code
Article 9. Education Savings Programs
Chapter 4. Authority Board of Directors and Officers
21-9-4-1. Board of Directors; Members; Vacancy; Chairperson; Removal
21-9-4-2. Salary; Reimbursement
21-9-4-3. Designation of Ex Officio Member
21-9-4-4. Power of Board to Employ Manager and Delegate Functions
21-9-4-6. Authority as Public Agency; Board as Governing Body
21-9-4-8. Annual Report by Authority
21-9-4-9. Acceptance of Gifts, Bequests, Donations, and Devises by Authority
21-9-4-10. Duties of Manager of Authority