Marginal note:Recovery by action
76 (1) Where any money or property was paid or distributed to a shareholder or other person as a consequence of a reduction of capital made contrary to section 75, a creditor of the bank may apply to a court for an order compelling the shareholder or other person to pay the money or deliver the property to the bank.
Marginal note:Shares held by personal representative
(2) No person holding shares in the capacity of a personal representative and registered on the records of the bank as a shareholder and therein described as the personal representative of a named person is personally liable under subsection (1), but the named person is subject to all the liabilities imposed by that subsection.
(3) An action to enforce a liability imposed by subsection (1) may not be commenced more than two years after the date of the act complained of.
Marginal note:Remedy preserved
(4) This section does not affect any liability that arises under section 207.
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