R-15.1 - Supplemental Pension Plans Act

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180. Every person who makes an investment otherwise than according to law is, by that sole fact and without further proof of wrongdoing, liable for any resulting loss.
The members of a pension committee who approved such an investment are, by that sole fact and without further proof of wrongdoing, solidarily liable for any resulting loss.
However, such persons incur no liability under this section if they acted in good faith on the basis of an expert’s opinion.
1989, c. 38, s. 180; 2006, c. 42, s. 30.
180. Every person who makes an investment otherwise than according to law is, by that sole fact and without further proof of wrongdoing, liable for any resulting loss.
The members of a pension committee who approved such an investment are, by that sole fact and without further proof of wrongdoing, solidarily liable for any resulting loss.
However, such persons incur no liability under this section if they acted within their powers and on the recommendation of persons whose profession gives credence to their opinion.
1989, c. 38, s. 180.