# The Charities (The Peabody Donation Fund) Order 1997, Paragraph 33: Indemnity Insurance


The Governors of the Charity may provide indemnity insurance for themselves out of the funds of the Charity, provided that any such insurance shall not extend to any claim arising from any act or omission which the Governors of the Charity knew to be a breach of trust or breach of duty, or which was committed by the Governors of the Charity in reckless disregard of whether it was a breach of trust or breach of duty or not.

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Source: https://www.legislation.gov.uk/uksi/1997/1711/schedule/APPENDIX/paragraph/33 (the official version)
Page: https://openlegislation.uk/charities-the-peabody-donation-fund-order-1997/schedule-APPENDIX/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.