(2) in contravention of section 361 as to a matter that is to be taken up for consideration by a council, committee or commission of which he is a member and in which he knows he has, directly or indirectly, a personal pecuniary interest,(a) fails to disclose the general nature of that interest before the discussions on that matter are begun where he is present, at the sitting at which it is to be taken up for consideration or, if he is not present, at the first sitting of the council, committee or commission attended by the person after becoming aware of the fact that the matter was taken up for consideration;
(b) fails to abstain from taking part in the discussions and from voting or attempting to influence the vote on the matter;
(c) fails to leave the sitting after having disclosed the general nature of his interest, while the matter is being discussed and voted on, where the sitting is not public,is disqualified from holding office as a member of the council of a municipality.
The disqualification shall continue for five years from the day on which the judgment declaring the person disqualified becomes a res judicata.