Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
80 Division 7 Disclosure of Interests What must be disclosed
disclose to the cooperative the nature and extent of any interest that
the director or officer has in a material contract or transaction, or a
proposed material contract or transaction, with the cooperative, and
any material change to any such interest, if the director or officer
(a) is a party to the c ontract or transaction,
(b) is a director or officer, or an individual acting in a sim ilar
capacity, of a party to the contract or transaction, or
(c) has a material interest i n a party to the contract or
transaction.
(2) Repealed 2022 c16 s3(23).
(3) The director or officer must make the disclosure in writing to
the cooperative or request to have it entered in the minutes of a
meeting of directors.
2001 cC-28.1 s80;2022 c16 s3(23)