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C-38 - Companies Act

Section 132
Disposition versions

Full text
132. Notwithstanding the dissolution of a company under the application or the provisions of section 131, the persons acting as directors of such company at the time of its dissolution shall be solidarily liable for the debts of the company existing at the time of its dissolution, to every creditor of the company who has not given the consent contemplated by the said section 131, unless the director against whom suit is brought establish his good faith.
R. S. 1964, c. 271, s. 128.
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