Indemnity of Corporation and Trustees

Notwithstanding anything contained in the Baronetcy Act or any law for the time being in force, the Corporation and each of the Trustees thereof who before the commencement of this Act was or has been for the time being in the office of such Trustee in pursuance of the provisions of the Baronetcy Act, the heirs, executors and administrators, estates and effects of each of such Trustees, and the successors in office of such Trustees, are hereby released and discharged jointly and severally from all accounts, suits or other legal proceedings, claims and demands whatsoever for or in relation to any failure or omission of the Corporation or the Trustees to do anything that was required to be done under the provisions of the Baronetcy Act, and from any liability for anything in good faith done or purported to have been done under or in pursuance of the provisions of that Act; and accordingly, no suit or other legal proceeding whatsoever shall lie in any court against the Corporation or any of the said Trustees, executors, administrators, estates, effects or successors for or in respect of any such failure, omission or action.