1172

No member of the Board of Trustees, official, agent, or employee shall be held personally liable in any way for any obligation, loss, or expense incurred by the Permanent Fund, unless said obligation, loss, or expense arises from, or is the result of gross negligence, intentional misconduct or behavior incurred knowingly which may be detrimental. The Permanent Fund shall be authorized to indemnify third parties and to relieve each and every one of the trustees, officials, agents, or employees from liability for any loss, claim, damage, suit, or obligation, including the payment of attorney’s fees, that may arise from the performance of their duties, except when gross negligence, intentional misconduct, or action incurred knowingly which may be detrimental, is involved.\nHistory —June 12, 1992, No. 12, § 22.