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Disclosure by directors of Aerlinte or by members or directors of designated bodies of certain interests.
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20.—(1) Where at a meeting of Aerlinte or a designated body any of the following matters arises, namely:
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(a) an arrangement to which the company or body is a party or a proposed such arrangement, or
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(b) a contract or other agreement with the company or body or a proposed such contract or other agreement,
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then any member or director of the company or body present at the meeting who, otherwise than in his capacity as such a member or director or as the chief executive officer of the company or body (whether called the General Manager, the Manager or by any other name), is in any way, whether directly or indirectly, interested in the matter shall at the meeting disclose to the company or body the fact of such interest and the nature thereof and shall not vote on a decision relating to the matter, and where an interest is dis- closed pursuant to this section, the disclosure shall be recorded in the minutes of the meeting concerned and for so long as the matter to which the disclosure relates is being dealt with by the meeting the member or director by whom the disclosure is made shall not be counted in the quorum present at the meeting.
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(2) Where at a meeting of Aerlinte or a designated body a question arises as to whether or not a course of conduct, if pursued by a member or director thereof would be a failure by him to comply with the requirements of subsection (1) of this section, the question may be determined by the chairman of the meeting whose decision shall be final and in case such a question is so determined, particulars of the determination shall be recorded in the minutes of the meeting.
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(3) Section 194 of the Act of 1963 shall not apply to a director of Aerlinte or a designated body.
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