Co-Operative Societies Act 2008
170. Limitation on liability of liquidator
1. A liquidator is not liable where he relies in good faith onó
a. financial statements of the society represented to himó
i. by an officer of the society; or
ii. by the auditor of the society in a written report that states that the financial statements reflect fairly the financial condition of the society; or
b. an opinion, a report or a statement of an attorney-at-law, an accountant, an engineer, an appraiser or other professional advisor retained by the liquidator.