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Companies and Securities Legislation (Miscellaneous Amendments) Act 1981 No. 153 of 1981 - SECT 49
Provisions indemnifying officers or auditors
49. Section 237 of the Principal Act is amended by adding at the end thereof
the following sub-section:
''(4) For the purposes of this section, 'officer', in relation to a company,
means-
(a) a director, secretary, executive officer or employee of the company;
(b) a receiver, or receiver and manager, of the property or part of the
property of the company;
(c) an official manager or deputy official manager of the company;
(d) a liquidator of the company; and
(e) a trustee or other person administering a compromise or arrangement
made between the company and another person or other persons.''.
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