2.6(1)No action or other proceeding lies or shall be instituted against a director, officer or employee of the Holding Corporation or against a former director, officer or employee of the Holding Corporation for any act done in good faith in the exercise or performance or the intended exercise or performance of a power or duty under this Act or the regulations or for any neglect or default in the exercise or performance in good faith of such a power or duty.

2.6(2)Subsection (1) does not relieve the Holding Corporation of any liability to which it would otherwise be subject in respect of a cause of action arising from any act, neglect or default referred to in subsection (1).