8.The following new sections are hereby inserted immediately after section 63, and shall have effect as sections 63A and 63B respectively, of the principal enactment:
63A.
| | (1) No suit or prosecution shall lie -
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(a) against the Corporation for any act which in good faith is done or purported to be done by the Corporation under this Act; or |
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(b) against any member, officer, servant or agent of the Corporation for an act which in good faith is done or purported to be done by him under this Act or on the direction of the Board of Directors. |
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| | (2) Any expense incurred by the Corporation in any suit or prosecution brought by or against the Corporation before any court shall be paid out of the funds of the Corporation, and any cost paid to, or recovered by, the Corporation in any such suit or prosecution shall be credited to the funds of the Corporation. | | |
| | (3) Any expense incurred by any such person as is referred to in paragraph(b) of the subsection(1) in any suit or persecution brought against him before any court in respect of any Act which is done or purported to be done by him under this Act or on the direction of the Board of Directions shall, if the court holds that such act was done in good faith be paid out of the funds of the Corporation, unless such expense is recovered by him in such suit or prosecution. | | |
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63B.No writ against person or property shall be issued against a member of the Corporation in any action brought against the Corporation. |
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