Singapore legislation

Clause 61

of Banking Bill

Clause 61

Indemnity

No liability shall be incurred by —

(a)

any public officer;

(b)

any person authorized or employed by the Commissioner under section 3 of this Act;

(c)

any person appointed under paragraph (b) of subsection (2) of section 44 of this Act to advise a bank in the proper conduct of its business;

(d)

any person who has assumed control of the business of a bank pursuant to a direction of the Commissioner under paragraph (c) of subsection (2) of section 44 of this Act or an order of the Minister under paragraph (ii) of section 45 of this Act; or

(e)

any person appointed under subsection (2) of section 40 of this Act,as a result of anything done by him bona fide in the exercise of any power, or the performance of any function or duty, conferred or imposed by or under this Act.

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