Sec. 35. (a) Both:
(1) the state and its officers, agents, and employees; and
(2) the fund (before July 1, 2011) or 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 the fund (before July 1, 2011) or system;
are entitled to indemnification from the fund (before July 1, 2011) or 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.149-2007, SEC.3. Amended by P.L.35-2012, SEC.65.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
5-10.2-9-0.3. General Assembly Findings
5-10.2-9-1. "Active Business Operations"
5-10.2-9-3. "Business Operations"
5-10.2-9-5. "Complicit in Darfur Genocide"
5-10.2-9-6. "Cost of Divestment"
5-10.2-9-9. "Government of Sudan"
5-10.2-9-10. "Inactive Business Operations"
5-10.2-9-11. "Indirect Holdings"
5-10.2-9-12. "Marginalized Populations of Sudan"
5-10.2-9-13. "Military Equipment"
5-10.2-9-14. "Mineral Extraction Activities"
5-10.2-9-15. "Oil Related Activities"
5-10.2-9-16. "Power Production Activities"
5-10.2-9-18. "Scrutinized Company"
5-10.2-9-19. "Social Development Company"
5-10.2-9-20. "Substantial Action"
5-10.2-9-21. Identification of Scrutinized Companies
5-10.2-9-22. Identification of Holdings
5-10.2-9-23. Notice to Scrutinized Company With Inactive Business Operations
5-10.2-9-24. Notice to Scrutinized Company With Active Business Operations
5-10.2-9-25. Compliance by a Scrutinized Company
5-10.2-9-26. Divestment; Exemption for Certain Commingled Funds
5-10.2-9-27. Acquisition of Securities Containing Scrutinized Companies
5-10.2-9-28. Scrutinized Company Excluded From Federal Sanctions
5-10.2-9-29. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-9-30. Exclusion of Private Equity Funds
5-10.2-9-31. Report to Legislative Council
5-10.2-9-32. Expiration of Chapter
5-10.2-9-33. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-9-34. Cessation of Divestment and Reinvestment in Scrutinized Companies