Part 4 — Directors and Officers of Cooperatives Division 1 Number, Qualifications and Functions of Directors
85 Voting on contracts and transactions when there is a conflict
proposed contract or proposed transaction referred to in section
80(1) may not be present for the vote or vote on any resolution to
approve the contract or transaction.
(2) Subsection (1) does not apply to
(a) a contract or transaction or proposed contract or proposed
transaction that relates primarily to the director's
remuneration as a director, officer, employee or agent of the
cooperative or of one of its subsidiaries, or
(b) a contract for indemnity or insurance under section 94.