53GIndemnification and exemption of board members

53G Indemnification and exemption of board members (1) The public trustee and guardian must not exempt a board member (whether directly or through another entity) from liability to the public trustee and guardian or the Territory. (2) The public trustee and guardian must not indemnify a board member (whether directly or through another entity and whether by agreement or by making a payment) against any of the following liabilities incurred as a board member: (a) a liability owed to the public trustee and guardian or the Territory; (b) a liability owed to someone other than the public trustee and guardian or the Territory that did not arise from honest conduct. (3) The public trustee and guardian must not indemnify a board member (whether directly or through another entity and whether by agreement or by making a payment) against legal costs incurred as a member if the costs are incurred— (a) in defending or resisting a proceeding if the person is found to have a liability for which the person could not be indemnified under subsection (2); or Note A board member is not personally liable for certain acts done or omissions made honestly and without recklessness (see s 53F).

Board meetings Division 6.2 (b) in defending or resisting a criminal proceeding in which the person is found guilty.