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PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 22

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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