Section 34: Indemnity.

(1) If any person who is or was a director, officer, employee, trustee, authorised representative, or agent of the Institute, acting in good faith and in a manner reasonably believed to be in the interest of the Institute, has been made a party, or is threatened to be made a party, to any action or proceeding by reason of being a representative, whether civil, criminal, administrative or investigative, such a representative may be indemnified against reasonable expenses and liabilities, including attorney fees actually and reasonably incurred.
(2) The indemnity provided under this section shall not be deemed exclusive of any other rights to which those seeking indemnity may be entitled under any law, and any such indemnity shall continue to a person who has ceased to be a director, officer, employee trustee, authorised representative, or agent, and shall inure to the benefit of the heirs, executors and administrators of such person.
(3) The indemnity made under this section shall not be made in any case where the act or failure to act, giving rise to the claim for indemnity is determined by the court to have constituted willful misconduct or recklessness of the director, officer, employee, trustee, authorised representative or agent of the Institute.