Marginal note:Reliance on statement
798 A director, an officer or an employee of a bank holding company is not liable under subsection 748(1) or (2) or section 794 or 797 if the director, officer or employee relies in good faith on
(a) financial statements of the bank holding company represented to the director, officer or employee by an officer of the bank holding company or in a written report of the auditor of the bank holding company fairly to reflect the financial condition of the bank holding company; 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.
- 2001, c. 9, s. 183
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