Section 25

Expenses incurred by direction of the Association

Costs, expenses and loss which a Member may incur either:

i. by reason of a special direction of the Managers in cases in which the Managers decide that it is in the interests of the Association that the direction be given, or

ii. in the absence of such special direction, as a result of action which he has taken or refrained from taking if the Managers in their discretion decide that such action was in the interests of the Association and that the Member should recover from the Association.

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