Section 81 — Deposit Protection Act

(1)

No action, suit, prosecution or other proceeding whatsoever shall lie or be brought, instituted or maintained in any court or before any other authority against —

(a)

the Corporation;

(b)

any director, officer, employee or agent of the Corporation, either personally or in their official capacity;

(c)

any person lawfully acting on behalf of the Corporation, any such director, officer, employee or agent, either personally or in his capacity as a person acting on such behalf, for or on account of, or in respect of, any act done or statement made or omitted to be done or made, or purporting to be done or made or omitted to be done or made, in pursuance or in execution of, or intended pursuance or execution of, this Act, or any order in writing, direction, instruction, notice or other thing whatsoever issued under this Act.

(2)

Subsection (1) applies only where such act or such statement was done or made, or was omitted to be done or made in good faith.

(3)

Nothing in subsection (1) shall be construed to relieve the

Corporation from the obligation to make payment in respect of a protected deposit under this Act