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The Milk Marketing Board (Residuary Functions) Regulations 1994
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- 1994 No. 2759
- PART VIII
- Regulation 34
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Indemnity
34.—(1) Subject to paragraph (2) below, every member or officer or auditor of the Board shall be indemnified out of the assets of the Board from and against–
(a)any action, cost, charge, loss, damage and expense which he may incur, and
(b)any liability which by virtue of any rule of law or equity would otherwise attach to him,
by reason of, or in connection with, any act done, concurred in or omitted in or about the execution of his duty in relation to the affairs of the Board.
(2) Paragraph (1) above shall not apply where any such action, cost, charge, loss, damage, expense or liability has arisen from or been contributed to by any dishonest act or omission, wilful default or wilful neglect on the part of such member, officer or auditor.
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