Sec. 29. (a) Both:
(1) the state and its officers, agents, and employees; and
(2) each fund (before July 1, 2011) or the system and its board members, executive director, officers, agents, and employees;
are immune from civil liability for any act or omission related to the removal of an asset from a fund under this chapter.
(b) In addition to the immunity provided under subsection (a), both:
(1) the officers, agents, and employees of the state; and
(2) the board members, executive director, officers, agents, and employees of a fund (before July 1, 2011) or the system;
are entitled to indemnification from the fund for all losses, costs, and expenses, including reasonable attorney's fees, associated with defending against any claim or suit relating to an act authorized under this chapter.
As added by P.L.67-2009, SEC.1. Amended by P.L.35-2012, SEC.80.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 10. Divestment From States That Sponsor Terror
5-10.2-10-0.3. General Assembly Findings
5-10.2-10-1. Requirements for Mandatory Divestment
5-10.2-10-2. "Active Business Operations"
5-10.2-10-4. "Business Operations"
5-10.2-10-6. "Cost of Divestment"
5-10.2-10-7. "Direct Holdings"
5-10.2-10-9. "Inactive Business Operations"
5-10.2-10-10. "Indirect Holdings"
5-10.2-10-10.2. "Military Equipment"
5-10.2-10-10.4. "Mineral Extraction Activities"
5-10.2-10-10.6. "Oil Related Activities"
5-10.2-10-10.8. "Power Production Activities"
5-10.2-10-11. "Private Market Fund"
5-10.2-10-12. "Scrutinized Business Operations"
5-10.2-10-13. "Scrutinized Company"
5-10.2-10-14. "Social Development Company"
5-10.2-10-15. "State Sponsor of Terror"
5-10.2-10-16. "Substantial Action"
5-10.2-10-17. Identification of Scrutinized Companies
5-10.2-10-18. Identification of Holdings
5-10.2-10-19. Notice to Scrutinized Company With Inactive Business Operations
5-10.2-10-20. Notice to Scrutinized Company With Active Business Operations
5-10.2-10-21. Compliance by a Scrutinized Company
5-10.2-10-22. Divestment; Exemption for Certain Commingled Funds
5-10.2-10-23. Acquisition of Securities Containing Scrutinized Companies
5-10.2-10-24. Scrutinized Company Excluded From Federal Sanctions
5-10.2-10-25. Exclusion of Indirect Holdings in a Private Market Fund
5-10.2-10-25.5. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-10-26. Report to Legislative Council
5-10.2-10-27. Expiration of Chapter
5-10.2-10-28. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-10-29. Immunity; Liability of the Fund and Its Agents