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S-29.01 - Act respecting trust companies and savings companies
Section 113
Disposition versions
113. A Québec company shall assume the defence of any person contemplated in section 107 who is prosecuted by a third person for an act done in the performance of his duties and shall pay damages, if any, in compensation for any injury resulting from that act, unless he has committed a grievous offence or a personal offence separable from the performance of his duties.
In penal or criminal proceedings, the company shall assume payment of the expenses of a person only where he had reasonable grounds to believe that his conduct was in conformity with the law, or if he has been freed or acquitted.
113. A Québec company shall assume the defence of any person contemplated in section 107 who is prosecuted by a third person for an act done in the performance of his duties and shall pay damages, if any, resulting from that act, unless he has committed a grievous offence or a personal offence separable from the performance of his duties.
In penal or criminal proceedings, the company shall assume payment of the expenses of a person only where he had reasonable grounds to believe that his conduct was in conformity with the law, or if he has been freed or acquitted.
