reg 5
In forceLand trust to indemnify members
Part 2Provisions about land trusts
Division 1Members of land trusts
5 Land trust to indemnify members
A land trust must indemnify all its members engaged in giving effect to the Act or this regulation against all proceedings and claims in relation to—
(a)
acts done, or omitted to be done, by the member without negligence under the Act; and
(b)
acts done, or omitted to be done, by the member in good faith and without negligence purportedly for the purposes of the Act or this regulation.
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