1. (a) Both:

   1. (1) the state and officers, agents, and employees of the state; and

   2. (2) the system and the board members, executive director, officers, agents, and employees of the system;

      are immune from civil liability for any act or omission related to the removal of an asset from a fund under this chapter.

2. (b) In addition to the immunity provided under subsection (a), both:

   1. (1) the officers, agents, and employees of the state; and

   2. (2) the board members, executive director, officers, agents, and employees of the system;

      are entitled to indemnification from the system for all losses, costs, and expenses, including reasonable attorney's fees, associated with defending against any claim or suit relating to an act authorized under this chapter.

As added by P.L.177-2016, SEC.1.