17AIndemnification of trustees etc

17A Indemnification of trustees etc

17A Indemnification of trustees etc

(1) Any matter or thing done, or omitted to be done, in good faith by—

(a) a trustee in the exercise of the trustee’s functions under this Act, or

(b) a person acting in accordance with the directions of the trustees,

does not subject the trustee or person personally to any action, liability, claim or demand.

(2) Subsection (1) does not preclude the trustees from being subject to any action, liability, claim or demand.

s 17A: Ins 1991 No 95, Sch 3 (17).