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C-44 - Gas, Water and Electricity Companies Act
Section 29
Disposition versions
29. If the directors of any company declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, they shall be solidarily liable for all the debts of the company then existing, and for all thereafter contracted during their continuance in office respectively.
