Section 51
Legal Person To Be Liable
If a loss or damage is caused to a person
from an act done and action taken by a person on behalf of a legal
person, such a legal person shall be liable and bear compensation
therefor.
Provided that if any loss is caused by doing an act beyond the
objective or competency of the legal person or dishonestly, the
director or a person doing such act shall personally be liable
therefor.