Section 29: Indemnity
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
29. Indemnity
(1) The Governor, Deputy Governors, other Directors, and every officer or
other employee of the Bank shall be indemnified by the Bank against all losses
and expenses incurred by any of them by reason of any contract entered into,
or act or deed done, in the proper discharge of his duties under the Act.
(2) No person referred to in subsection (1) shall be liable to the Bank for
any loss or expense incurred by the Bank on account of the insufficiency or
deficiency of value of, or title to, any property or security acquired or taken.
PART V – ACCOUNTING, STATEMENTS AND TRANSPARENCY