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Reserves Act 1977

Classification and management of reserves - Management and control of reserves

34: Members of boards not personally liable

You could also call this:

"Board members are not personally responsible for the board's actions or debts if they act honestly."

Illustration for Reserves Act 1977

If you are a member of a board that manages a reserve, you are not personally responsible for things that happen because of something the board does or does not do, as long as you are acting in good faith. You are also not personally responsible for any debts the board lawfully incurs. This means you will not have to pay for something the board does wrong if you were trying to do the right thing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM444662.

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Part 3Classification and management of reserves
Management and control of reserves

34Members of boards not personally liable

  1. The members of any board shall not be personally liable for any act done or omitted to be done in good faith in the course of the operations of the board or for any debt or other liability lawfully incurred by the board.

Compare
  • 1953 No 69 s 10