Acts and Regulations

2013, c.7 - Electricity Act

Section 2.52
Disposition versions

Full text
Duty of care of directors and officers
2021, c.42, s.2
2.52(1)Every director and officer of the Holding Corporation in exercising their powers and discharging their duties shall
(a) act honestly and in good faith in the best interests of the Holding Corporation, and
(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances in the best interests of the Holding Corporation.
2.52(2)Every director and officer of the Holding Corporation shall comply with this Act, the regulations and the by-laws of the Holding Corporation.
2.52(3)A director or officer of the Holding Corporation who exercises their powers or discharges their duties in accordance with this Act, the regulations or the by-laws of the Holding Corporation shall be deemed to act in the best interests of the Holding Corporation.
2021, c.42, s.2