Liability of directors and committee members for unlawful acts.
Section 45
SEC. 45. Liability of directors and committee members for unlawful acts.—The directors and committee members shall, in the discharge of their respective duties, be personally responsible, jointly and severally, for any transaction, act or omission made in violation of law, the regulations, the by-laws, the resolution of the general assemblies or the rules of the co-operative except those who entered a protest at the time when such transaction, act or omission was acted upon.