MHHS · Municipal Government Act
Part 8 — Financial Administration
275 Civil liability of councillors
guarantees the repayment of a loan that causes the municipality to
exceed its debt limit, a councillor who voted for the bylaw
authorizing the borrowing, loan or guarantee is liable to the
municipality for the amount borrowed, loaned or guaranteed,
unless the borrowing, loan or guarantee has been approved by the
Minister.
(2) If subsection (1) applies to more than one councillor in respect
of a bylaw, the councillors are jointly and severally liable to the
municipality for the amount borrowed, loaned or guaranteed under
the bylaw.
(3) The liability may be enforced by action by
(a) the municipality,
(b) an elector or taxpayer of the municipality, or
(c) a person who holds a security under a borrowing made by
the municipality.
1994 cM-26.1 s275
275.1 Repealed 2020 c25 s11.
RSA 2000