Conn. Gen. Stat. § 1-125
Directors, officers and employees not personally liable. Indemnification
Connecticut · General Statutes of Connecticut Chapter 12 — Quasi-Public Agencies · Status: effective
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- Citation
- Conn. Gen. Stat. § 1-125, Directors, officers and employees not personally liable. Indemnification, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2157351
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Full text
The directors, officers and employees of Connecticut Innovations, Incorporated, the Connecticut Higher Education Supplemental Loan Authority, the Connecticut Student Loan Foundation, the Connecticut Housing Finance Authority, the Connecticut Housing Authority, the MIRA Dissolution Authority, including ad hoc members of the MIRA Dissolution Authority, the Connecticut Health and Educational Facilities Authority, the Capital Region Development Authority, the Connecticut Airport Authority, the Connecticut Lottery Corporation, the Connecticut Health Insurance Exchange, the Connecticut Green Bank, the Connecticut Port Authority, the Connecticut Municipal Development Authority, the State Education Resource Center, the Paid Family and Medical Leave Insurance Authority and the Connecticut Pilot Commission and any person executing the bonds or notes of the agency shall not be liable personally on such bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof, nor shall any director or employee of the agency, including ad hoc members of the MIRA Dissolution Authority, be personally liable for damage or injury, not wanton, reckless, wilful or malicious, caused in the performance of his or her duties and within the scope of his or her employment or appointment as such director, officer or employee, including ad hoc members of the MIRA Dissolution Authority. The agency shall protect, save harmless and indemnify its directors, officers or employees, including ad hoc members of the MIRA Dissolution Authority, from financial loss and expense, including legal fees and costs, if any, arising out of any claim, demand, suit or judgment by reason of alleged negligence or alleged deprivation of any person's civil rights or any other act or omission resulting in damage or injury, if the director, officer or employee, including ad hoc members of the MIRA Dissolution Authority, is found to have been acting in the discharge of his or her duties or within the scope of his or her employment and such act or omission is found not to have been wanton, reckless, wilful or malicious.