V-1.1 - Securities Act

Section 224 Disposition versions

2007-11-09

224. The defendant in an action provided for in section 223 is liable for damages unless it is proved that

(1)  he acted with prudence and diligence, except in the case of the offeror, or that

(2)  the plaintiff knew, at the time of the disposal, of the alleged misrepresentation.

1982, c. 48, s. 224; 1999, c. 40, s. 327; 2007, c. 15, s. 8.

1999-10-22

224. The defendant in an action provided for in section 223 is liable for damages unless it is proved that

(1)  he acted with prudence and diligence, except in the case of the offeror, or that

(2)  the plaintiff knew, at the time of the transfer, of the alleged misrepresentation.

1982, c. 48, s. 224; 1999, c. 40, s. 327.

1983-04-06

224. The defendant in an action provided for in section 223 is responsible for damages unless it is proved that

(1)  he acted with prudence and diligence, except in the case of the offeror, or that

(2)  the plaintiff knew, at the time of the transfer, of the alleged misrepresentation.

1982, c. 48, s. 224.