Kentucky Statutes 342.835 – Board member, manager, or employee exempt from personal liability for official acts
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No member of the board, the manager, or any employee of the authority shall be held personally liable for any act performed or for any contract or other obligation entered into or undertaken in an official capacity, in connection with the administration, management, or conduct of the authority, its funds and other assets, its business, or other related affairs.
Effective: April 4, 1994
History: Created 1994 Ky. Acts ch. 181, Part 12, sec. 56, effective April 4, 1994.
Effective: April 4, 1994
Terms Used In Kentucky Statutes 342.835
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the Workers' Compensation Board. See Kentucky Statutes 342.0011
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
History: Created 1994 Ky. Acts ch. 181, Part 12, sec. 56, effective April 4, 1994.