Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

S-11.0101 - Act respecting the Société de financement agricole

Section 10
Disposition versions

Full text
10. The president and vice-president may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise placing their personal interest in conflict with that of the Société. However, forfeiture is not incurred if such interest devolves to them by succession or gift, provided they renounce or dispose of it with diligence.
Any other member of the board of directors having an interest in such an enterprise shall, on pain of forfeiture of office, disclose it in writing to the president and abstain from taking part in any debate or decision concerning the enterprise.
1992, c. 32, s. 10; 1999, c. 40, s. 278.
10. The president and vice-president may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise placing their personal interest in conflict with that of the corporation. However, forfeiture is not incurred if such interest devolves to them by succession or gift, provided they renounce or dispose of it with diligence.
Any other member of the board of directors having an interest in such an enterprise shall, on pain of forfeiture of office, disclose it in writing to the president and abstain from taking part in any debate or decision concerning the enterprise.
1992, c. 32, s. 10.
© Gouvernement du Québec