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S-31.1 - Business Corporations Act

Section 493
Disposition versions

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493. A director or officer of a corporation who ordered, authorized or advised the commission of an offence under section 490, or consented to or otherwise participated in the offence, is deemed to be party to the offence and is liable to the applicable fine, whether or not the corporation has been prosecuted for or convicted of the offence.
Furthermore, a director or officer who knowingly authorizes or makes an untrue entry in the corporation’s registers or other records is liable to a fine of not less than $5,000 and not more than $50,000.
2009, c. 52, s. 493.
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