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P-40.1 - Consumer Protection Act

Section 260
Disposition versions

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260. Where the merchant is a legal person, each director is solidarily liable with the legal person for the sums which are transferred in trust in accordance with sections 254 to 256, unless the director proves that he acted in good faith.
1978, c. 9, s. 260; 1999, c. 40, s. 234.
260. Where the merchant is a corporation, each director is jointly and severally liable with the corporation for the sums which must be placed in a trust account in accordance with sections 254 to 256, unless the director proves that he acted in good faith.
1978, c. 9, s. 260.
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