Practice question
A BSP official seeks Section15(e) indemnification for defense costs arising from official duties. The official is finally adjudged liable for gross negligence within the amended statutory exclusion. Does the original1993 ordinary-negligence wording govern unchanged?
- No; RA11211 amended the exclusion, and the stated gross-negligence adjudication defeats indemnification under that provision
- Yes; RA11211 did not amend any indemnification provision
- The final adjudication automatically guarantees indemnification
- Every official is indemnified even for all gross negligence
- Private bank consent alone overrides the statutory exclusion
Legal references
- RA11211 amendments to RA7653: https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html Section4 amending RA7653 Section15(e).
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