Section 51: Indemnity of Officers of the Authority.
1 The Authority Chief Executive, a director or any officer of the Authority shall each be indemnified out of the Authority fund against any liability incurred in defending any proceeding against the Authority or brought against him in his official capacity.
2 Notwithstanding the provisions of subsection (1), the Authority shall not indemnify the Authority Chief Executive, a director or any officer of the Authority for any liability incurred as a result of wilful misconduct or gross negligence.
Cite this section
Section 51, PETROLEUM INDUSTRY ACT, 2021 (2021).
https://repo.podus.ai/laws/petroleum-industry-act-2021/section/51/