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D-8.0.1 - James Bay Region Development Act

Section 15.7
Disposition versions

Full text
15.7. The Société shall assume the defence of any director 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 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. 69, s. 5.
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