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D-8.0.1 - James Bay Region Development Act

Section 15
Disposition versions

Full text
15. The directors of the Société may, if they all agree, take part in a board meeting using means which allow immediate communication, such as the telephone. They are, in such a case, deemed to have attended the meeting.
1971, c. 34, s. 15; 1999, c. 40, s. 105; 1999, c. 69, s. 5.
15. No member of the board of directors of the Société or any officer or employee thereof shall, under pain of forfeiture of his office, have any direct or indirect interest in an undertaking putting his personal interest in conflict with that of the Société. Such forfeiture shall not be incurred, however, if such interest devolves to him by succession or gift, provided that he renounces or disposes of it with all possible dispatch.
1971, c. 34, s. 15; 1999, c. 40, s. 105.
15. No member of the board of directors of the corporation or any officer or employee thereof shall, under pain of forfeiture of his office, have any direct or indirect interest in an undertaking putting his personal interest in conflict with that of the corporation. Such forfeiture shall not be incurred, however, if such interest devolves to him by succession or gift, provided that he renounces or disposes of it with all possible dispatch.
1971, c. 34, s. 15.
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