161. The chairman may not, on pain of forfeiture of office, have a direct or indirect interest in an enterprise that places his personal interest and that of the Commission in conflict. However, forfeiture is not incurred if the interest devolves to him by succession or gift, provided it is renounced or disposed of with diligence.
Where a member of the Commission other than the chairman is in the situation referred to in the first paragraph, the member must, on pain of forfeiture of office, disclose his interest in writing to the chairman and refrain from taking part in any discussion or decision involving the enterprise in which the interest is held.
1977, c. 5, s. 161; 1978, c. 15, s. 140; 1983, c. 56, s. 43; 1983, c. 55, s. 161; 1993, c. 40, s. 54; 1997, c. 24, s. 17.