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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 87

Shareholder of a company not disqualified by reason of contracts.

87. Provided always, that no person, being a shareholder or member of any
incorporated joint stock company, shall be disqualified or prevented from
acting as a director by reason of any contract entered into between such joint
stock company and the company incorporated by the special Act; but no such
director, being a shareholder or member of such joint stock company, shall
vote on any question as to any contract with such joint stock company.


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© 1845 Crown Copyright

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