Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Cooperatives Act

Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors

91 Defence for directors

Current to 2023-12-07 · Official PDF

A director is not liable under this Part if the director exercised
the care, diligence and skill that a reasonably prudent person would
have exercised in comparable circumstances to prevent the failure
to fulfil the director's duties, including reliance in good faith on
financial statements of the cooperative, on the reports of experts
and on information presented by officers or professionals.