Directors shall be liable individually or jointly, where appropriate, to the cooperative or third parties for infringing legal or regulatory provisions governing cooperatives with a board of directors, for violating the provisions of the articles and for mismanagement.
Where several directors are jointly liable for the same offenses, the competent court shall determine the share of each one for the repair of the damage.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 92
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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