A-24 - Cooperative Associations Act

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68. Every director shall be personally liable for damage caused to the association by his violation of this act.
He may however free himself from such liability by having his dissent recorded in the minutes or by signifying it to the association, by registered or certified letter, by registered letter, within a reasonable delay after he acquires knowledge of the illegality committed.
R. S. 1964, c. 292, s. 62; 1975, c. 83, s. 84.