N.Y. Public Authorities Law 2642-O – Defense and indemnification
§ 2642-o. Defense and indemnification. 1. The authority shall not execute any of its powers except as necessary to commence its corporate existence, until it has elected to make the provision of § 18 of the public officers law applicable to its employees (as such term is defined in § 18 of the public officers law) pursuant to subdivision two of such section; provided, however, that nothing contained within this § of the public officers law upon any independent contractor.
Terms Used In N.Y. Public Authorities Law 2642-O
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
2. Neither the members of the authority, nor any participating county, municipality, officer or employee acting on the authority's behalf, while acting within the scope of his, her or its authority, shall be subject to any personal liability resulting from the construction, maintenance or operation of any of the properties of the authority or from carrying out any of the powers expressly given in this title; provided, however, that this shall not be held to apply to any independent contractor.