12. Neither any member of the corporation nor any officer, employee or agent of the corporation, while acting within the scope of his or her authority, shall be subject to any personal liability resulting from exercising or carrying out of any of the corporation's purposes or powers.
N.J. Stat. Ann. § 52:18B-12
Immunity from personal liability
Known as the Tobacco Settlement Financing Corporation Act
The act spans §§ 52:18B-1 to 52:18B-9 (14 sections).
L.2002,c.32,s.12.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.