S-25.1 - Act respecting the sociétés d’entraide économique

Section 109 Disposition versions

1982-03-01

109. No director may, on pain of forfeiture of office, attend the proceedings of a meeting or participate in decisions dealing with a loan intended for him or for a person with whom he does not deal at arm’s length.

A director forfeited of office becomes, furthermore, disqualified for the office of director of a company for a period of five years from the act alleged.

1981, c. 31, s. 109.