Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
81 When disclosure must be made
80(1)
(a) at the meeting of directors at which the proposed contract or
transaction is first considered;
(b) if the director did not hav e an interest in the proposed
contract or transaction at the time of the meeting referred to
in clause (a), at the first meeting after the director acquires
an interest in it;
(c) if the director acquires an interest in a contract or tran saction
after it is made, at the first meeting after the director
acquires an interest in it;
(d) if there is a material chan ge in the director's interest in the
contract, transaction, proposed contract or proposed
transaction, at the first meeting after the change;
(e) if the director had an inte rest in the contract or transaction or
proposed contract or proposed transaction before becoming
a director, at the first meeting after becoming a director;
(f) if the contract or transac tion or proposed contract or
proposed transaction is one that would not, in the ordinary
course of business, require the approval of the directors, as
soon as the director becomes aware of the contract or
transaction or proposed contract or proposed transaction.