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S-9 - Act respecting the Société de cartographie du Québec

Section 11
Disposition versions

Full text
11. If a member of the board of directors has an interest in an undertaking that puts his personal interest in conflict with that of the Company, he shall, under pain of forfeiture of office, disclose it in writing to the president and refrain from taking part in any decision respecting the undertaking in which he has an interest.
No officer of the Company may, under pain of forfeiture of office, have any direct or indirect interest in an undertaking that puts his personal interest in conflict with that of the Company. Such forfeiture is not incurred, however, if such an interest devolves to him by succession or gift, provided he renounces or disposes of it with all possible dispatch.
1969, c. 39, s. 12; 1979, c. 21, s. 2.
11. Under pain of forfeiture of his office, no member of the board of directors shall have any direct or indirect interest in an undertaking that puts his personal interest in conflict with that of the Company.
Such forfeiture shall not be incurred, however, if such interest devolves to him by succession or gift and he renounces or disposes of it with all possible dispatch.
1969, c. 39, s. 12.
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