Marginal note:Reliance on statement
211 A director, an officer or an employee of a bank is not liable under subsection 158(1) or (2), section 207 or 210 or subsection 506(1) if the director, officer or employee relies in good faith on
(a) financial statements of the bank represented to the director, officer or employee by an officer of the bank or in a written report of the auditor or auditors of the bank fairly to reflect the financial condition of the bank; or
(b) a report of an accountant, lawyer, notary or other professional person whose profession lends credibility to a statement made by the professional person.
- 1991, c. 46, s. 211
- 2001, c. 9, s. 78
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