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S-29.01 - Act respecting trust companies and savings companies

Section 134
Disposition versions

Full text
134. Every director of a Québec company whose interest in an enterprise comes into conflict with that of the company or a subsidiary of the company shall, on pain of forfeiture of office, disclose his interest and abstain from voting on any matter related to the enterprise in which he has an interest. He shall also withdraw from the meeting while the board is deliberating or voting on the matter.
Every person contemplated in section 107, other than a director, who has an interest described in the first paragraph shall, on pain of forfeiture of office, disclose his interest in writing to the company. No such person shall attempt in any way to influence the decision of the directors.
1987, c. 95, s. 134.
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