34:1B-154 Immunity for South Jersey Port Corporation, members, employees
11. Notwithstanding the provisions of any other law to the contrary, the State Treasurer is authorized to enter into an agreement with the South Jersey Port Corporation on or after the transfer of the port facilities of the corporation to the authority, which shall provide that the State shall indemnify and save harmless the South Jersey Port Corporation, its members, or employees from any actions, claims, judgments or awards of any type, arising from or as the result of any act or omission by or on behalf of the South Jersey Port Corporation. Such agreement may, in addition, provide for the payment of liability insurance premiums for the provision of liability insurance coverage for the South Jersey Port Corporation, its members, or employees with respect to any such action or claim instituted or asserted after the transfer of the port facilities to the authority. The amount and terms of any such liability insurance coverage shall be subject to the approval of the State Treasurer.
L.1997,c.150,s.11.
Section: Previous 34-1b-147 34-1b-148 34-1b-149 34-1b-150 34-1b-151 34-1b-152 34-1b-153 34-1b-154 34-1b-155 34-1b-156 34-1b-157 34-1b-158 34-1b-159 34-1b-160 34-1b-161 Next
Last modified: October 11, 2016