(1) A bond administration company shall fairly and sincerely administer bonds for and on behalf of bondholders.
(2) A bond administration company shall administer bonds for bondholders in good faith with the care of a good manager.
(3) When a bond administration company has done an act in violation of this Act or a resolution by a meeting of bondholders, the company shall be jointly and severally liable to the bondholders to compensate for the damage sustained due to the said violation.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]