Sec. 25. (a) Both:
(1) the state and officers, agents, and employees of the state; and
(2) the system and the board members, executive director, officers, agents, and employees of the system;
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 the system;
are entitled to indemnification from the system 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.177-2016, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 11. Divestment Related to Boycott Of, Divestment From, or Sanctions of Israel
5-10.2-11-1. General Assembly Findings
5-10.2-11-3. "Boycott, Divest From, or Sanction Israel Activity"
5-10.2-11-5. "Cost of Divestment"
5-10.2-11-6. "Direct Holdings"
5-10.2-11-8. "Indirect Holdings"
5-10.2-11-10. "Restricted Business"
5-10.2-11-12. Identification of Restricted Businesses
5-10.2-11-13. Identification of Holdings
5-10.2-11-14. Notice to Restricted Businesses Concerning Possible Divestment
5-10.2-11-15. Compliance by Restricted Business
5-10.2-11-16. Divestment; Exemption for Certain Passively Managed Comingled Funds
5-10.2-11-17. Acquisition of Securities of Businesses on Restricted Business List
5-10.2-11-18. Restricted Business Excluded From Federal Sanctions
5-10.2-11-19. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-11-20. Investment in Private Equity Partnership
5-10.2-11-21. Report to General Assembly
5-10.2-11-22. Expiration of Chapter
5-10.2-11-23. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-11-25. Immunity; Indemnification of the Fund and Its Agents