ACT 100
TRUST COMPANIES ACT 1949 (REVISED - 1973)

LIABILITY OF OFFICERS



Section 25. Loan to director, etc.


If any loan is made by a trust company to any director or other officer or servant thereof in contravention of section 19, all directors and officers of the company who made the loan or assented thereto shall be jointly and severally liable to the company for the amount thereof with interest.


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