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S-25.1 - Act respecting the sociétés d’entraide économique

Section 54
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54. Directors who authorize the payment of shares in violation of sections 53 and 53.3 are jointly and severally liable for the sums involved and not yet recovered.
Any right of action arising out of this section is prescribed by two years from the act alleged.
1981, c. 31, s. 54; 1982, c. 15, s. 114.
54. Directors who authorize the payment of shares in violation of section 53 are jointly and severally liable for the sums involved and not yet recovered.
Any right of action arising out of this section is prescribed by two years from the act alleged.
1981, c. 31, s. 54.
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