229. Other interests of directors

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Companies Act 2014 (No. 38)
Part 5 Duties of directors and other officers (ss. 219-271A)
Chapter 2 General duties of directors and secretaries and liabilities of them and other officers (ss. 223-235)
229. Other interests of directors

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 1 June 2015 - onwards

Version 2 of 2

(1) Save to the extent that the company's constitution provides otherwise, a director of a company may be or become a director or other officer of, or otherwise interested in, any company promoted by the company or in which the company may be interested as shareholder or otherwise; but neither this subsection nor anything in the company's constitution governing the foregoing matter overrides section 228.

(2) No such director shall be accountable to the company for any remuneration or other benefits received by him or her as a director or officer of, or from his or her interest in, such other company unless the company otherwise directs.

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