Section 29A: Protection of members of management committee

(1) No member of a management committee, acting in good faith and in a reasonable manner, shall be personally liable for any act done or default made by or on behalf of the corporation—
(a) in the exercise or purported exercise of the powers conferred by this Ordinance on the corporation; or
(b) in the performance or purported performance of the duties imposed by this Ordinance on the corporation.
(2) The protection conferred by subsection (1) on a member of a management committee shall not in any way affect the liability of the corporation for that act or default.

文章分類 Part IV PROVISIONS RELATING TO CORPORATIONS

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