177 Duty to declare interest in proposed transaction or arrangement
Companies Act 2006 (2006 c 46) | Legislation

177  Duty to declare interest in proposed transaction or arrangement

(1)     If a director of a company is in any way, directly or indirectly, interested in a proposed transaction or arrangement with the company, he must declare the nature and extent of that interest to the other directors.

(2)     The declaration may (but need not) be made—

(a)     at a meeting of the directors, or

(b)     by notice

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