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C-67.3 - Act respecting financial services cooperatives
Section 118
Disposition versions
118. An officer or manager who is in a conflict of interest situation must, on pain of dismissal, disclose the situation.
The chief manager participating in deliberations and decisions relating to his or her conditions of employment is, in particular, a conflict of interest situation.
118. Every officer who is in a situation of conflict of interest must, on pain of dismissal, disclose the situation, abstain from voting on any matter concerning the situation and avoid influencing any decision relating thereto. The officer must also withdraw from a meeting while the situation is being discussed or voted on. The disclosure of the situation of conflict of interest must be mentioned in the minutes of the meeting.
