16.
| (1) No suit or prosecution shall be instituted against any member of the Board or officer or servant of the Fund for any act which in good faith is done, or purported to be done by him under this Act or on the direction of the Board. |
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| (2) Any expense incurred by the Fund in any suit or prosecution brought by or against the Fund before any court shall be paid out of the Fund, and any costs paid to or received by, the Fund in any such suit or prosecution shall be credited to the Fund. |
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| (3) Any expense incurred by any such person as is referred to in subsection (1) in any suit or prosecution 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 shall, if the court hold that such act, was done in good faith, be paid out of the Fund, unless such expense is recovered by him in such suit or prosecution |
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Sri Lanka Consolidated Acts