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C-4.1 - Savings and Credit Unions Act

Section 206
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206. Every officer whose interest in an enterprise comes into conflict with that of the credit union must, on pain of dismissal, disclose his interest, abstain from voting on any matter related to the enterprise in which he has an interest, and avoid influencing any decision relating thereto. He must also withdraw from the meeting while the matters concerning the enterprise in which he has such an interest are being discussed. The disclosure of interest by the officer must be mentioned in the minutes of the meeting.
1988, c. 64, s. 206; 1996, c. 69, s. 68.
206. Every officer whose interest in an enterprise comes into conflict with that of the credit union must, on pain of dismissal, disclose his interest, abstain from voting on any matter related to the enterprise in which he has an interest, and avoid influencing any decision relating thereto. He must also withdraw from the meeting while the matters concerning the enterprise in which he has such an interest are being discussed.
1988, c. 64, s. 206.
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