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Article XIV | LIMITATION OF LIABILITY

 Liability: Nothing herein shall constitute members of the Association as partners for any purpose. No member, director, officer, agent or employee of this Association shall be liable for the acts or failure to act on the part of any other member, director, officer, agent or employee of the Association. Nor shall any member, director, officer, agent or employee be liable for his/her acts or failure to act under these Bylaws, except only acts or omissions to act arising out of his/her willful misfeasance.

Legal Expenses: Any current or former Officer or Board Member shall be reimbursed against the reasonable expenses actually and necessarily incurred by them in connection with the defense of any action, suit or proceeding in which they or any of them are made parties, or a party, by reason of having been Officers or Board Members, except in relation to matters as to which such Officer or Director shall be adjudged in such action, suit or proceeding to be liable for gross negligence or misconduct in the performance of duty and to such matters as shall be settled by agreement predicated on the existence of such liability

Insurance and Bonding: The Board may purchase and maintain Directors and Officers Insurance and insurance on behalf of any person who is or was serving on behalf of or at the request of the Association for any liability arising out of his/her service. Trust and surety bonds and/or appropriate insurance shall be furnished by the Executive Director and such other officers or employees of the Association as the Board shall direct. The amount of such bonds and/or insurance shall be determined by the Board and the cost paid by the Association.

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