(1) This section applies where a company has made a political donation or incurred political expenditure without the authorisation required by this Part.
(2) The directors in default are jointly and severally liable—
(a) to make good to the company the amount of the unauthorised donation or expenditure, with interest, and
(b) to compensate the company for any loss or damage sustained by it as a result of the unauthorised donation or expenditure having been made.
(3) The directors in default are—
(a) those who, at the time the unauthorised donation was made or the unauthorised expenditure was incurred, were directors
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