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C-38 - Companies Act

Section 96
Disposition versions

Full text
96. (1)  The directors of the company shall be solidarily liable to its employees for all debts not exceeding six months’ wages due for services rendered to the company whilst they are such directors respectively.
(2)  No director shall be liable to an action therefor unless
(a)  the company is sued within one year after the debt became due and the notice of execution is returned unsatisfied wholly or in part; or
(b)  during such period, a winding-up order is made against the company or it becomes bankrupt within the meaning of the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) and a claim for such debt is filed.
R. S. 1964, c. 271, s. 93; 1999, c. 40, s. 70; I.N. 2016-01-01 (NCCP).
96. (1)  The directors of the company shall be solidarily liable to its employees for all debts not exceeding six months’ wages due for services rendered to the company whilst they are such directors respectively.
(2)  No director shall be liable to an action therefor unless
(a)  the company is sued within one year after the debt became due and the writ of execution is returned unsatisfied wholly or in part; or
(b)  during such period, a winding-up order is made against the company or it becomes bankrupt within the meaning of the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) and a claim for such debt is filed.
R. S. 1964, c. 271, s. 93; 1999, c. 40, s. 70.
96. (1)  The directors of the company shall be jointly and severally liable to its employees for all debts not exceeding six months’ wages due for services rendered to the company whilst they are such directors respectively.
(2)  No director shall be liable to an action therefor unless
(a)  the company is sued within one year after the debt became due and the writ of execution is returned unsatisfied wholly or in part; or
(b)  during such delay, a winding-up order is made against the company or it becomes bankrupt within the meaning of the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) and a claim for such debt is filed.
R. S. 1964, c. 271, s. 93.
96. (1)  The directors of the company shall be jointly and severally liable to its employees for all debts not exceeding six months’ wages due for services rendered to the company whilst they are such directors respectively.
(2)  No director shall be liable to an action therefor unless
(a)  the company is sued within one year after the debt became due and the writ of execution is returned unsatisfied wholly or in part; or
(b)  during such delay, a winding-up order is made against the company or it becomes bankrupt within the meaning of the Bankruptcy Act and a claim for such debt is filed.
R. S. 1964, c. 271, s. 93.
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