51. Any person who, during his term of office as a member of the council of a local municipality, directly or indirectly acquires or holds shares issued by a mixed enterprise company that is related to the municipality or who has a direct or indirect interest in a contract to which the mixed enterprise company is a party is disqualified from holding office as a member of the council of any local municipality.
For the purposes of the first paragraph, a mixed enterprise company is related to a local municipality if the municipal founder of the mixed enterprise company is
(1) the local municipality;
(2) the regional county municipality or the metropolitan community whose territory includes the territory of the local municipality or, where applicable, the Kativik Regional Government;
(3) a group of municipal entities that includes an entity referred to in paragraph 1 or 2.
1997, c. 41, s. 51; 2000, c. 56, s. 218.