Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Neither the Authority or the Agency, or any board member or employee or managing director thereof, nor a committee of the Agency or any member thereof incurs any liability in respect of any act or omission performed in good faith under or by virtue of a provision in this Act, unless that performance was grossly negligent.

[Section 85 substituted by section 290, item 23 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]