Sri Lanka Consolidated Acts

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Thurusaviya Fund Act (No. 23 of 2000) - Sect 11

Members to disclose interest in proposed contract to be made by the Board

11. A member of the Board who is directly or indirectly interested in a contract proposed to be made by the Board shall disclose the nature of the interest at a meeting of the Board. The disclosure shall be recorded in the minutes of the Board, and that member shall not lake part in any deliberations or decision of the Board with respect to such contract.


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