Section 29: Indemnity of officers and servants of the Corporation

Every director, agent, auditor, secretary, and other officer or servant for the time being of the Corporation shall be indemnified out of the assets of the Corporation against any liability incurred by him in defending any proceedings, whether civil or criminal, in which judgment is given in his favour, or in which he is acquitted, if any such proceeding is brought against him in his capacity as such director, agent, auditor, secretary or other officer or servant as aforesaid.