Section 370(1)

Any liability of a director under section 369 is enforceable— in the case of a liability of a director of a company to that company, by proceedings brought under this section in the name of the company by an authorised group of its members; in the case of a liability of a director of a holding company to a subsidiary, by proceedings brought under this section in the name of the subsidiary by— an authorised group of members of the subsidiary, or an authorised group of members of the holding company.

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Source: legislation.gov.uk · retrieved 2026-09-04