Section 5-10.2-10-29 - Immunity; liability of the fund and its agents(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.
Amended by P.L. 35-2012, SEC. 80, eff. 7/1/2012.As added by P.L. 67-2009, SEC.1.