{
  "url": "https://openlegislation.uk/bolton-sixth-form-college-government-regulations-1998/schedule-1/paragraph-10",
  "json_url": "https://openlegislation.uk/bolton-sixth-form-college-government-regulations-1998/schedule-1/paragraph-10.json",
  "legislation": "uksi/1998/1332",
  "legislation_title": "The Bolton Sixth Form College (Government) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/bolton-sixth-form-college-government-regulations-1998",
  "path": "schedule/1/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": "Members not to be financially interested in the Institution",
  "text": "(1) Except with the approval in writing of the Secretary of State no member shall take or hold any interest in any property held or used for the purpose of the institution.\n(2) A member who has any financial interest in—\n(a) the supply of work or goods to or for the purposes of the institution;\n(b) any contract or proposed contract concerning the institution; or\n(c) any other matter relating to the institution,\nand is present at a meeting of the Corporation at which the supply, contract or other matter is to be considered, shall at that meeting disclose the fact and shall not take part in the consideration or vote on any question with respect to it and shall not be counted in the quorum present at the meeting in relation to a resolution on which he is not entitled to vote.\n(3) This clause shall not prevent the members of the Corporation considering and voting upon proposals for the Corporation to insure the members of the Corporation against liabilities incurred by them arising out of their office or the Corporation obtaining such insurance and paying the premiums.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/1332/schedule/1/paragraph/10",
    "retrieved_at": "2026-10-29T11:29:48.503743+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}