Co-Operative Societies Act 2008
170.
Limitation on liability of liquidator
1. A liquidator is not
liable where he relies in good faith on—
a.
financial
statements of the society represented to him—
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.