111.0.5. The president and the vice-president, on pain of forfeiture of office, shall not have a direct or indirect interest in an undertaking creating a conflict between their personal interest and that of the council. However, they shall not be removed from office if such interest devolves to them by succession or gift, provided that they renounce or dispose of it with dispatch.
Every other member of the council having a direct or indirect interest in an undertaking must, on pain of forfeiture of office, disclose it in writing to the other members of the council and refrain from participating in any decision in connection with the undertaking in which he has that interest.
1982, c. 37, s. 6; 1984, c. 45, s. 4.