Kansas Statutes 12-8,105. Officials, directors, members not liable on bonds or notes; purchase of insurance authorized
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Terms Used In Kansas Statutes 12-8,105
- Municipal energy agency: means a quasi-municipal corporation created by agreement between or among two or more cities pursuant to this act to exercise any of the powers granted by Kan. See Kansas Statutes 12-886
- Person: means a natural person, a public agency, private corporation, firm, partnership, cooperative association or business trust of any nature whatsoever, organized and existing under the laws of any state or of the United States. See Kansas Statutes 12-886
Neither the officials, the directors nor the members of a municipal energy agency nor any person executing bonds or notes shall be liable personally on the bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof. A municipal energy agency shall have power to indemnify and to purchase and maintain insurance on behalf of any director, officer, employee or agent of the municipal energy agency, in connection with any threatened, pending, or completed action, suit or proceeding.