Sri Lanka Consolidated Acts

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State Agricultural Corporations Act (No. 11 of 1972) - Sect 13

Director to disclose interest in contract proposed to be made by the Corporation

13. A Director who is directly or indirectly interested in a contract proposed to be made by the Corporation shall disclose the nature of his interest at a meeting of the Board of Directors. The disclosure shall be recorded in the minutes of such Board, and that Director shall not take part in any deliberation or decision of such Board with respect to such contract.


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