Part 6 — Finance and Property Division 1 Finance
184 Improper application of money borrowed
expenditure for a purpose not authorized under section 143 or 183,
the persons who were trustees of the board when it approved the
improper application of the capital money, whether or not they are
still trustees, are jointly and severally liable for the payment to the
board of the amount of money applied to the unauthorized use.
(2) A person is not liable under subsection (1)
(a) if, being a trustee when the improper application of the
capital money was approved and being present at the
meeting of the trustees or of a committee of the trustees
when it was approved, the person
(i) voted against the improper application of capital money
at that meeting,
(ii) requested the person's na me and vote to be recorded,
and
(iii) notified the Minister in writing of the person's objection
to the improper application of the capital money within 8
days from the date of that meeting,
o r
(b) if, being a trustee when the improper application of the
capital money was approved but not being present at the
meeting of the trustees or of a committee of the trustees
when it was approved, the person
(i) filed with the secretary of the board a written objection
to the improper application of the capital money, and
(ii) notified the Minister in writing of the person's objection,
within 30 days from the date o n which the person first had
notice that the improper application of the capital money
was approved.