State Act
1261
Section 1261. Liability of the society to individual shareholder
Act no. none printed (index gives 0)1867In forceGoa (State Act)
Article 1261 – Liability of the society to individual shareholder – The firm shall be liable to an individual shareholder not only for the amounts spent by him for the benefit of the society, as also for the liabilities incurred by him in good faith in the business of the society, as well as resulting from the risks inherent to the administration entrusted to the said individual shareholder.