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(b)
vest the whole or any part of the assets in trustees upon such trusts for the benefit
of members as the liquidator, with the like sanction, shall think fit but no member
shall be compelled to accept any assets upon which there is any liability.
INDEMNITY AND INSURANCE, ETC
137.
Directors' indemnity, insurance and defence
As far as the Statutes allow, the Company may:
(a)
indemnify any director of the Company (or of an associated body corporate)
against any liability;
(b)
indemnify a director of a company that is a trustee of an occupational pension
scheme for employees (or former employees) of the Company (or of an associated
body corporate) against liability incurred in connection with the company's
activities as trustee of the scheme;
(c)
purchase and maintain insurance against any liability for any director referred to in
paragraphs (a) or (b) above; and
(d)
provide any director referred to in paragraphs (a) or (b) above with funds (whether
by loan or otherwise) to meet expenditure incurred or to be incurred by him in
defending any criminal, regulatory or civil proceedings or in connection with an
application for relief (or to enable any such director to avoid incurring such
expenditure).
The powers given by this article shall not limit any general powers of the Company to grant
indemnities, purchase and maintain insurance or provide funds (whether by way of loan or
otherwise) to any person in connection with any legal or regulatory proceedings or
applications for relief.