14.0 Indemnification of Officers and Directors #

The Association shall indemnify every member of the Board and their heirs, executors and administrators against all loss, costs and expense, including counsel fees, reasonably incurred by the individual in connection with any action, suit or proceeding to which the individual may be made a party by reason of his or her being or having been a member of the Board, except as to matters as to which he or she shall be finally adjudged in such action, suit or proceeding to be liable for fines or penalties imposed in a criminal suit or action or for unjustified profit or advantage or for any illegal act done or attempted in bad faith or dishonesty.