National Institute of Co-operative Development (Incorporation) Act 2001 · As enacted · Part VI · General
26. Protection for action taken under this Act or on the direction of the Board of Management
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
No suit or prosecution shal! lie—
against the Institute for any act which in good faith is done or purported to be done, by the Institute under this Act ; or
against any member of the Board of Management or officer or servant or agent of the Institute for any act which in good faith is done or purported to be done by him, under this Act or on the direction of the Board of Management.
Any expense incurred by the Institute in any suit or
Prosecution brought by, or against the Institute in any court shall be paid out of the Fund of the Institute, and any costs paid to or received by the Institute in any such suit or prosecution shall be credited to the Fund of the Institute.
Any expense incurred by such person as ts referred to in subsection (1) in any suit or prosecution brought against him in any court in respect of any act which is done or purported to be done by him under this Act or on the direction
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of the Board of Management shall, if the court holds that the act was done in good faith, be paid out of the Fund of the
Institute, unless such expense is recovered by him in such suit or prosecution.