All sections · Part XIII: Protected Cell Companies · Sub-Part IX: General
253 Liability to criminal penalties
(1) Where a protected cell company is liable to any criminal penalty, whether
under this Act or otherwise, due to the act or default of a cell or an officer
acting in relation to a cell, then without prejudice to any liability of that
officer, the penalty —
(a) may only be met by the company from the cellular assets
attributable to the cell; and
(b) is not enforceable in any way against any other assets of the
company, whether cellular or core.
(2) Where a protected cell company is liable to any criminal penalty, whether
under this Law or otherwise, due to the act or default of the core or an
officer acting in relation to the core, then without prejudice to any liability
of that officer, the penalty —
(a) may only be met by the company from core assets; and
(b) is not enforceable in any way against any cellular assets.
under this Act or otherwise, due to the act or default of a cell or an officer
acting in relation to a cell, then without prejudice to any liability of that
officer, the penalty —
(a) may only be met by the company from the cellular assets
attributable to the cell; and
(b) is not enforceable in any way against any other assets of the
company, whether cellular or core.
(2) Where a protected cell company is liable to any criminal penalty, whether
under this Law or otherwise, due to the act or default of the core or an
officer acting in relation to the core, then without prejudice to any liability
of that officer, the penalty —
(a) may only be met by the company from core assets; and
(b) is not enforceable in any way against any cellular assets.