S-10.0001 - Act respecting the Société de développement de la Zone de commerce international de Montréal à Mirabel

Section 32 Disposition versions

2000-03-30

32. The Société shall assume the defence of any director of the Société prosecuted by a third person for an act done in the exercise of the director’s functions and shall pay the damages, if any, occasioned by that act, unless the director has committed a gross fault or a personal fault separable from the exercise of the director’s functions.

Notwithstanding the foregoing, in a penal or criminal proceeding, the Société shall assume the payment of the expenses of a director of the Société only if the director had reasonable grounds to believe that the director’s conduct was in conformity with the law or if the director has been discharged or acquitted.

1999, c. 41, s. 32.