You are a member of the board. You are not liable to the Bank for something you did or did not do, unless it breaks a personal duty under sections 50 to 54. This means you must follow those rules or you might be liable.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS325232.
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A member of the board is not liable, in respect of an excluded act or omission, to the Bank, unless it is also a breach of an individual duty under any of sections 50 to 54.
