(1) With respect to actions taken in compliance with this article, including all good faith determinations regarding companies as required by this article, a public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations in respect to choice of asset managers, investment funds, or investments for the public fund's securities portfolios.
(2) With respect to all actions taken in good faith compliance with this article, a public fund, its board of directors, individual board members, agents, trustees, officers, employees, custodians, and fiduciaries shall be immune from any liability.
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