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You are here: BAILII >> Databases >> Northern Irish Legislation >> PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 |
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Liability of directors, etc. 22.(1) A director or other officer of a company who, by virtue of section 20(2) of the Interpretation Act (Northern Ireland) 1954, is liable to be punished for an offence under section 14 or section 16(3) committed by the company shall be liable (a)on conviction of an offence under section 14, or on summary conviction of an offence under section 16(3), to imprisonment for a term not exceeding three months; (b)on conviction on indictment of an offence under section 16(3), to imprisonment for a term not exceeding two years; (2) In the application of the said section 20(2) to this Act, a person shall, subject to subsection (3), be deemed to be a director of a body corporate if he occupies in relation thereto the position of a director, by whatever name called, or is a person in accordance with whose directions or instructions the directors of the company or any of them act. (3) A person shall not, by reason only that the directors of a body corporate act on advice given by him in a professional capacity, be taken to be a person in accordance with whose directions or instructions those directors act.
© 1964 Crown Copyright
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URL: http://www.bailii.org/nie/legis/num_act/podai1964455/s22.html