S-11.02 - Act respecting the Société de la Maison des sciences et des techniques

Section 11 Disposition versions

1984-05-23

11. In no case may the president, under pain of forfeiture of office, have any direct or indirect interest in any undertaking causing his personal interest to conflict with that of the company. However, forfeiture is not incurred if such an interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.

Any member of the board of directors other than the president who has an interest in an undertaking described in the first paragraph must, under pain of forfeiture of office, disclose it in writing to the president and abstain from participating in any deliberation or decision concerning the undertaking.

1984, c. 7, s. 11.