New York Limitation Of Liability.

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    §  263.  Limitation  of liability. Neither the members of the board of
  directors of the fund nor any officer, employee, agent or  other  person
  or  persons acting in its behalf, while acting within the scope of their
  authority as members, officers, employees or agents of the  fund,  shall
  be  subject to any personal liability resulting from the carrying out of
  the powers conferred by this article.