C-4 - Savings and Credit Unions Act

Full text
146. Where a corporation is guilty of an offence against this Act, any person who has prescribed or authorized the commission of such offence, or has assented thereto or acquiesced or participated therein, shall be deemed a party to the offence and liable to the same penalty as that provided for the corporation, whether or not such corporation has been prosecuted or convicted.
However, a person who caused his dissent to be recorded in the minutes or who has given notice of it to the union or federation by registered or certified mail within a reasonable delay after he became aware of the commission of the offence shall not be deemed a party to the offence.
1970, c. 59, s. 44; 1975, c. 83, s. 84.