S-29.02 - Trust Companies and Savings Companies Act

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295. If the party responsible for a failure to comply has defaulted on payment of a monetary administrative penalty, its directors and officers are solidarily liable with that party for the payment of the penalty, unless they establish that they exercised due care and diligence to prevent the failure.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
295. If the party responsible for a failure to comply has defaulted on payment of a monetary administrative penalty, its directors and officers are solidarily liable with that party for the payment of the penalty, unless they establish that they exercised due care and diligence to prevent the failure.
2018, c. 232018, c. 23, s. 395.