22. If the liquidator or liquidators neglects or neglect to transfer the moneys to the Minister of Revenue, or to deposit the books, accounts and documents as provided in sections 20 and 21, he or they severally shall be liable to a penalty of not more than $10 for every day during which he or they is or are in default.
R. S. 1964, c. 281, s. 22; 1997, c. 80, s. 70; 2005, c. 44, s. 54.