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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 8
Disposition versions

Full text
8. (Repealed).
1966-67, c. 73, s. 8; 1983, c. 10, s. 2; 1997, c. 35, s. 11; 2002, c. 45, s. 183.
8. A director holding the position assigned to the Inspector General of Financial Institutions, Deputy Inspector General or the Deputy Minister of Finance and having a direct or indirect interest in an undertaking putting his personal interest in conflict with that of the Board shall disclose it in writing to the Minister and abstain from participating in any decision regarding the undertaking in which he has an interest.
The first paragraph applies also, with the necessary modifications, to the person designated in accordance with section 6.1.
1966-67, c. 73, s. 8; 1983, c. 10, s. 2; 1997, c. 35, s. 11.
8. A director holding the position assigned to the Inspector General of Financial Institutions, the Deputy Minister of Finance or the Superintendent of Deposit Institutions and having a direct or indirect interest in an undertaking putting his personal interest in conflict with that of the Board shall disclose it in writing to the Minister and abstain from participating in any decision regarding the undertaking in which he has an interest.
The first paragraph applies also, mutatis mutandis, to the person designated in accordance with section 6.1.
1966-67, c. 73, s. 8; 1983, c. 10, s. 2.
8. The General Manager of the Board shall be the chairman of the board of directors.
1966-67, c. 73, s. 8.
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