# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 30: CONTRACTS


No contract to which the Board is a party shall be avoided by reason only that a member of the Board is also a party thereto or is interested therein, and a member of the Board who is a party to, or interested in, such a contract shall not, by reason only that he is a member of the Board, be liable to account to the Board for any profit realised by him by reason of the contract; but a member of the Board must forthwith disclose to the Board any interest which he has or acquires in any contract whatsoever, if such interest in any way conflicts with his duty as a member of the Board, and shall not vote upon any question relating to the contract, and if he does vote, his vote shall not be counted; but he shall, nevertheless, be taken into account for the purpose of constituting a quorum of the Board or of any committee appointed by them:
Provided that a member of the Board shall not be precluded from voting on a question relating to–
(a) the general policy of the Board with respect to any matter by reason only that the determination of that question will or may affect contracts which have been, or may thereafter be, entered into by him with the Board;
(b) any contract for the provision of remuneration, allowances or gratuities which the Board are empowered to effect by virtue of regulation 8(3).

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/3/paragraph/30 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-3/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.