S-17.1 - Act respecting the Société immobilière du Québec

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12. In no case may an employee of the Société, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing his personal interest to conflict with that of the Société. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
1983, c. 40, s. 12; 1999, c. 40, s. 295; 2007, c. 28, s. 7.
12. Any member of the board of directors, other than the president of the Société, having a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the Société shall, under pain of forfeiture of office, disclose it in writing to the president and abstain from participating in any decision involving the undertaking in which he has an interest.
In no case may the president or any employee of the Société, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing his personal interest to conflict with that of the Société. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
1983, c. 40, s. 12; 1999, c. 40, s. 295.
12. Any member of the board of directors, other than the president of the corporation, having a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the corporation shall, under pain of forfeiture of office, disclose it in writing to the president and abstain from participating in any decision involving the undertaking in which he has an interest.
In no case may the president or any employee of the corporation, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing his personal interest to conflict with that of the corporation. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
1983, c. 40, s. 12.