Currency and Monetary Order, 2004 (Formerly Known as Currency Act) · s 10

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s 10

(1)

A member who is, directly or indirectly, interested in any contract made, or proposed to be made, by the Board shall disclose the nature of his interest at the first meeting of the Board at which he is present, after the relevant facts have come to his knowledge.

(2)

A disclosure under subsection (1) shall be recorded in the minutes of the

Board and, after such disclosure, that member -

(a)

shall not take part in any deliberation or decision of the Board with respect to that contract; and

(b)

shall be disregarded for the purpose of constituting a quorum of the

Board for any such deliberation or decision.

(3)

No act or proceedings of the Board shall be questioned on the ground of the contravention of this section by a member.