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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
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1169. Civil liability of directors and experts

(1) Any shareholder of any of the companies involved in the division who has suffered loss or damage by reason of misconduct in the preparation or implementation of the division by a director of any such company or by the expert, if any, who has made a report under section 1155 shall be entitled to have such loss or damage made good to him or her by -

(a) in the case of misconduct by a person who was a director of that company at the date of the common draft terms of division that person;

(b) in the case of misconduct by any expert who made a report under section 1155 in respect of any of the companies involved in the division that person.

(2) Without prejudice to the generality of subsection (1), any shareholder of any of the companies involved in the division who has suffered loss or damage arising from the inclusion of any untrue statement in any of the following, namely:

(a) the common draft terms of division;

(b) the explanatory report, if any, referred to in section 1154;

(c) the

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