SECTION 181 GOOD FAITH - CIVIL OBLIGATIONS
181(1) Good faith - directors and other officers.
(a) in good faith in the best interests of the corporation; and
(b) for a proper purpose.
Note 1: This subsection is a civil penalty provision (see section 1317E).
Note 2: Section 187 deals with the situation of directors of wholly-owned subsidiaries.
181(2) [Person involved in contravention]
Note 1: Section 79 defines involved.
Note 2: This subsection is a civil penalty provision (see section 1317E).