M-30, r. 1 - Regulation respecting the ethics and professional conduct of public office holders

Full text
10. A full-time public office holder may not, on penalty of dismissal, have a direct or indirect interest in an agency, body, enterprise or association entailing a conflict between his personal interest and that of the agency, body or enterprise within which he is appointed or designated to an office. Notwithstanding the foregoing, such dismissal shall not occur if such interest devolves on him by succession or gift, provided that he renounces it or disposes of it promptly.
Any other public office holder who has a direct or indirect interest in an agency, body, enterprise or association entailing a conflict between his personal interest and that of the agency, body or enterprise within which he is appointed or designated to an office shall, on penalty of dismissal, reveal the interest in writing to the chair of the board of directors and, where applicable, shall abstain from participating in any deliberation or any decision pertaining to the agency, body, enterprise or association in which he has that interest. In addition, he shall withdraw from the sitting for the duration of the deliberations and the vote concerning that matter.
This section does not prevent a public office holder from expressing opinions about conditions of employment applied at large within the agency, body or enterprise and that could affect him.
O.C. 824-98, s. 10.