Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-67.3 - Act respecting financial services cooperatives

Section 486.1
Disposition versions

Full text
486.1. A director cannot be held liable under section 484 if the director acted with a reasonable degree of prudence and diligence in the circumstances.
Furthermore, for the purposes of section 484, the court may, after considering all the circumstances and on the terms the court considers appropriate, relieve a director, either wholly or partly, from the liability the director would otherwise incur if it appears to the court that the director has acted reasonably, honestly and loyally, and ought fairly to be excused.
2018, c. 23, s. 302.
© Gouvernement du Québec