Sec. 209. LIABILITY PROTECTION
164 words·~1 min read·
/statute-compilations/comps-249/sec-209A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 209 LIABILITY PROTECTION **[**[12 U.S.C. 209](/us/usc/t12/s209)**]** ###
(a)Federal Agency and Employees In any case in which the conservator is a Federal agency or an employee of the Government, the provisions of chapters 161 and 171 of title 28, United States Code, shall apply with respect to such conservator's liability for acts or omissions performed pursuant to and in the course of the duties and responsibilities of the conservatorship. ###
(b)Other Conservators In any case where the conservator is not a conservator described in subsection (a), the conservator shall not be liable for damages in tort or otherwise for acts or omissions performed pursuant to and in the course of the duties and responsibilities of the conservatorship, unless such acts or omissions constitute gross negligence, including any similar conduct or any form of intentional tortious conduct, as determined by a court. ###
(c)Indemnification The Comptroller shall have authority to indemnify the conservator on such terms as the Comptroller deems proper.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 209
LIABILITY PROTECTION
Cites 1Cited by 0 across 0 sources