B-2.1 - Act respecting the Bibliothèque nationale du Québec

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12. The chairman shall not, under pain of forfeiture of office, have any direct or indirect interest in an undertaking putting his personal interest in conflict with the duties of his office.
Forfeiture is not incurred if the interest devolves to the chairman by succession or gift, provided he renounces or disposes of it with dispatch.
Any other member of the board having such an interest in an undertaking shall, under pain of forfeiture of office, disclose it in writing to the chairman and abstain from participating in any deliberation or decision concerning the undertaking in which he has an interest.
1988, c. 42, s. 12.