# Companies Clauses Consolidation Act 1845, Section 87: Shareholder of incorporated joint stock company not disqualified by reason of contracts.


Provided always, that no person, being a shareholder or member of any incorporated joint stock company, shall be disqualified or prevented from acting as a director by reason of any contract entered into between such joint stock company and the company incorporated by the special Act; but no such director, being a shareholder or member of such joint stock company, shall vote on any question as to any contract with such joint stock company.

---
Source: https://www.legislation.gov.uk/ukpga/Vict/8-9/16/section/87 (the official version)
Page: https://openlegislation.uk/companies-clauses-consolidation-act-1845/section-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.