§ 11772
71 words·~1 min read·
/ca/insurance-code/11772A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There shall not be any liability in a private capacity on the part of the board of directors or any member thereof, or any officer or employee of the fund for or on account of any act performed or obligation entered into in an official capacity, when done in good faith, without intent to defraud and in connection with the administration, management or conduct of the fund or affairs relating thereto.