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N.Y. PBA Law § 1021-O

This is the official text of N.Y. PBA Law § 1021-O, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.

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Limitation of liability; indemnification

Official statutory text

§ 1021-o. Limitation of liability; indemnification. 1. The directors,\nofficers and employees of the authority, while acting within the scope\nof their authority as directors, officers or employees, shall not be\nsubject to any personal or civil liability resulting from the exercise,\ncarrying out or advocacy of any of the authority's purposes or power\nunless the conduct of the directors, officers or employees is finally\ndetermined by a court of competent jurisdiction to constitute\nintentional wrongdoing or recklessness.\n 2. The provisions of section eighteen of the public officers law shall\napply to directors, officers and employees of the authority in\nconnection with any and all claims, demands, suits, actions or\nproceedings which may be made or brought against any of them arising out\nof any determinations made or actions taken or omitted to be taken in\ncompliance with any actions taken pursuant to the powers of this title.\n 3. As used in this section, the terms "director", "officer" and\n"employee" shall include a former director, officer or employee and his\nor her estate or judicially appointed personal representative.\n 4. Nothing in this section shall limit the obligations of a\n"director," "officer," or "employee" of the authority or of a subsidiary\nof the authority as a "person required to collect tax," as such term is\ndefined in article twenty-eight of the tax law, if such director,\nofficer or employee is, or was, under a duty to act for the authority or\nsubsidiary, or both, as the case may be, in complying with any\nrequirement of article twenty-eight or related provision of article\ntwenty-nine of the tax law.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.