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S-13.01 - Act respecting the Société des établissements de plein air du Québec

Section 12
Disposition versions

Full text
12. Employees of the Société may not, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing their interest to conflict with that of the Société. However, forfeiture is not incurred where the interest devolves to them by succession or gift, provided they renounce or dispose of it with dispatch.
1984, c. 54, s. 12; 1999, c. 40, s. 284; 2008, c. 5, s. 7.
12. Any member of the board of directors, other than the president of the Société, having a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the Société shall, under pain of forfeiture of office, disclose it in writing to the president of the Société and abstain from participating in any decision involving the undertaking in which he has an interest.
In no case may the president or any employee of the Société, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing his personal interest to conflict with that of the Société. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
1984, c. 54, s. 12; 1999, c. 40, s. 284.
12. Any member of the board of directors, other than the president of the corporation, having a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the corporation shall, under pain of forfeiture of office, disclose it in writing to the president of the corporation and abstain from participating in any decision involving the undertaking in which he has an interest.
In no case may the president or any employee of the corporation, under pain of forfeiture of office, have a direct or indirect interest in any undertaking causing his personal interest to conflict with that of the corporation. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
1984, c. 54, s. 12.
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