C-44 - Gas, Water and Electricity Companies Act

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32. If any loan contemplated by section 31 be made to a stockholder, the officers who make or assent thereto shall be solidarily liable to the extent of such loan, with legal interest thereon, for all the debts of the company thereafter contracted until the repayment of the sum lent.
R. S. 1964, c. 285, s. 32.