Malaysia legislation
Section 8
of Land Custody and Development Authority Ordinance, 1981 ( Ord. No. 4/81 )
Section 8
⎯(1)
A member having, directly or indirectly by himself or his partner, any interest in any company or undertaking with which the Authority proposes to make any contract or having interest in any such contract or in any matter under discussion by the Authority shall disclose the nature of his interest at the first meeting of the Authority at which he is present after the relevant facts have come to his knowledge.
(2)
A disclosure under subsection (1) shall be recorded in the minutes of the Authority and, after disclosure, the member⎯
(a)
shall not take part in any deliberation or decision of the
Authority with respect to that contract; and
(b)
shall be discharged for the purpose of constituting a quorum of the Authority for any such deliberation or decision.
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(3)
No act or proceeding of the Authority shall be questioned on the ground of the contravention by a member of the provisions of this section.