U-1 - Act respecting the Université du Québec

Section 37.1 Disposition versions

1989-06-19

37.1. No member of the board of directors other than a member contemplated by any of paragraphs e and f of section 32 may, on pain of forfeiture of office, have any direct or indirect interest in any undertaking which places his personal interest in conflict with his duties of office. However, forfeiture shall not be incurred if such an interest devolves to him by succession or gift, provided he renounces or disposes of it with diligence.

Every member of the board of directors contemplated by any of paragraphs e and f of section 32 who has a direct or indirect interest in an undertaking which places his personal interest in conflict with that of the constituent university shall, on pain of forfeiture of office, declare his interest in writing to the principal and abstain from participating in any deliberation or decision relating to the undertaking in which he has such interest or in any sitting at which his interest is discussed.

1989, c. 14, s. 22.