Section 2571. Limitation of liability; indemnification  


Latest version.
  • 1. The directors and
      officers  of  the corporation, and any person acting in its behalf while
      acting within the scope of their authority, shall not be subject to  any
      personal  liability  resulting from carrying out any of the powers given
      in this title.
        2. The provisions of section seventeen  of  the  public  officers  law
      shall  apply  to  directors,  officers,  employees  and  agents  of  the
      corporation in connection with  any  and  all  claims,  demands,  suits,
      actions  or proceedings which may be made or brought against any of them
      arising out of any determinations made or actions taken or omitted to be
      taken in compliance with any obligations under or pursuant to the  terms
      of this title.