63 Directors to disclose interests in contracts and other transactions
Building Societies Act 1986 (1986 c 53) | Legislation

63  Directors to disclose interests in contracts and other transactions

(1)     It is the duty of a director of a building society who is in any way, whether directly or indirectly, interested in a contract or proposed contract with the society to declare the nature of his interest to the board of directors of the society in accordance with this section.

(2)     In the date of a proposed contract, the declaration shall be made—

(a)     at the meeting of the directors at which the question of entering into the contract is first taken into consideration; or

(b)     if the director was not at the date of that

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