Section 43: Limitation on Liability of Corporation.

(1) Nothing in this Act shall-
(a) render the Corporation or any person acting on its behalf or through it liable for any breach of contract, misrepresentation, breach of duty, breach of trust or other legal or equitable wrong committed by an eligible financial institution ; and
(b) deprive any person of any remedy against an eligible financial institution in respect of a legal or equitable wrong referred to in paragraph (a) of this section.
(2) An action shall not be brought or commenced against the Corporation until after the expiration of 30 days notice in writing to the Corporation giving details of the alleged wrong date and remedy sought.
(3) If, after the expiration of the 30 days notice stated in subsection (2) of this section, the Corporation has not responded, the party concerned may issue a writ or other originating process against the Corporation provided always that action shall not be commenced or maintained against the Corporation or any of its shareholders, officers and directors for anything done intended to be done or purported to be done in good faith in the execution of duties, powers and obligation imposed on the Corporation or any of its shareholders, directors, or office.