§ 209. Liability protection
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/usc/title-12/section-209A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 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 1 shall have authority to indemnify the conservator on such terms as the Comptroller deems proper.
(Mar. 9, 1933, ch. 1, title II, § 209, 48 Stat. 5; Sept. 3, 1954, ch. 1263, § 23, 68 Stat. 1234; Pub. L. 101–73, title VIII, § 806, Aug. 9, 1989, 103 Stat. 445.)
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- 1
- Mar. 9, 1933, ch. 1
- 48 Stat. 5
- Sept. 3, 1954, ch. 1263, § 23
- 68 Stat. 1234
- Pub. L. 101–73, title VIII, § 806
- 103 Stat. 445
- Pub. L. 101–73
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§ 209
Liability protection
Stat. Comp.×1
Stat.×1
U.S.C.×1
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ActMar. 9, 1933, ch. 1
Stat.48 Stat. 5
ActSept. 3, 1954, ch. 1263, § 23
Stat.68 Stat. 1234
Cites 9 · showing 6Cited by 3 across 3 sources