§ 3326
85 words·~1 min read·
/ca/public-utilities-code/3326A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The members of the board shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)) of the Government Code, and all other applicable provisions of law.
(b)The board may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by the fiduciary.