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C-4.1 - Savings and Credit Unions Act

Section 475
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475. The directors and officers of a legal person referred to in the first paragraph of section 469.1 or a holding company who authorize an investment which is not in compliance with the provisions of this division shall be solidarily liable for any resulting losses to the legal person or the company.
1988, c. 64, s. 475; 1994, c. 38, s. 18; 1996, c. 69, s. 163.
475. The directors and officers of a legal person referred to in the first paragraph of section 469.1 or a holding company who authorize an investment which is not in compliance with the provisions of this division shall be jointly and severally liable for any resulting losses to the legal person or the company.
1988, c. 64, s. 475; 1994, c. 38, s. 18.
475. The directors and officers of a holding company who authorize an investment which is not in compliance with the provisions of this division shall be jointly and severally liable for any resulting losses to the company.
1988, c. 64, s. 475.
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