Section 26Part 6 — General and Supplementary
Liabilities of members and insurance
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No personal liability shall attach to a director, a member of any committee of the Board or an officer of the Bank in respect of anything done, or omitted to be done in good faith, under this Law.
The Bank may purchase and maintain for a director, a member of any committee of the Board or an officer of the Bank, insurance against a liability which by virtue of this Law would otherwise attach to such person in respect of any negligence, default, breach of duty or breach of trust of which he may be guilty in relation to the Bank.