A-32 - Act respecting insurance

Section 93.238 Disposition versions

1996-12-23

93.238. Every director who has an interest that is in conflict with the interest of the guarantee fund must, on pain of removal from office, disclose his interest, abstain from voting on any matter connected with it and avoid influencing any decision relating to it. He must also withdraw from the meeting while any such matter is being discussed or voted upon.

Any other person discharging the duties of an officer and who has such an interest shall, on pain of removal from office, disclose his interest to the guarantee fund. In addition, he shall in no way attempt to influence the decision of the directors.

1985, c. 17, s. 6; 1990, c. 86, s. 16; 1996, c. 63, s. 81.

1991-03-15

93.238. Every director who has an interest that is in conflict with the interest of the corporation must, on pain of removal from office, disclose his interest, abstain from voting on any matter connected with it and avoid influencing any decision relating to it. He must also withdraw from the meeting while any such matter is being discussed or voted upon.

Any other person discharging the duties of an officer and who has such an interest shall, on pain of removal from office, disclose his interest to the corporation. In addition, he shall in no way attempt to influence the decision of the directors.

1985, c. 17, s. 6; 1990, c. 86, s. 16.

1985-09-11

93.238. Any director having a direct or indirect interest in an undertaking with which the corporation does or proposes to do business shall, under pain of forfeiture of office, disclose his interest and abstain from participating in any decision concerning the association or undertaking in which he has an interest.

1985, c. 17, s. 6.