Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
88 Court order to set aside transaction
(a) fails to disclose an inte rest in a material contract or
transaction in accordance with section 80, 81, 82 or 86, or
(b) otherwise fails to comply w ith section 80, 81, 82, 85, 86 or
87,
the Court may, on the application of the cooperative or a member
or investment shareholder, set aside the contract or transaction on
any terms that it thinks fit or order that the director or officer
account to the cooperative or its members or investment
shareholders for any profit realized from the contract or
transaction.