# The Peterhead Bay Authority (Constitution) Revision Order 2002, Paragraph 15


(1) If a member has any interest, direct or indirect—
(a) in any contract or proposed contract to which the Authority are or would be a party or is a director of a company or body with which the contract or proposed contract is made or proposed to be made; or
(b) in any other matter with which the Authority are concerned,
he shall declare that interest.
(2) If a member is present at a meeting of the Authority or of any committee of the Authority at which a contract or other matter in which he has an interest is to be considered he shall—
(a) as soon as is practicable disclose his interest;
(b) not vote on any question with respect to that contract or matter; and
(c) withdraw from the meeting—
(i) at any time if the members present by resolution require him so to do; and
(ii) while a decision on that contract or matter is being made.
(3) This paragraph shall not apply to any interest—
(a) which a member has in respect of the payment to the Authority of standard harbour dues;
(b) which arises in respect of the provision of harbour services or facilities affecting the trading and leisure communities in general;
(c) which a member has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless he possesses more than five per cent of the issued share capital of that company; or
(d) which the members present at the meeting by resolution declare to be too remote.

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Source: https://www.legislation.gov.uk/ssi/2002/294/schedule/2/paragraph/15 (the official version)
Page: https://openlegislation.uk/peterhead-bay-authority-constitution-revision-order-2002/schedule-2/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.