Amendment status not verified — confirm the current text below against the official source.
Every member of the market committee shall be personally liable for the mis-appli ca tion of fund to which he shall have been a party, or which shall have happened through, or been facilitated by gross neglect of his duty as a member, and he may be sued for recovery of the moneys so mis-applied : Provided that no member shall be perso nally liable in respect of any contract or agre ement duly made, or for any expense incurred for, or on behalf of the market committee, but the funds at the disposal of the market commit tee shall be liable for and be charged with, all costs in respect of any such contract and agre ement and all such expenses.