# Standard Life Assurance Company Act 1991, Paragraph 42: Directors may become members or directors of any company promoted, etc., by Company


A director may become and continue a member or director of any company promoted by the Company or in which the Company may be interested as vendors, shareholders or otherwise, and such director shall not (unless otherwise agreed) be accountable to the Company for any benefits received by him as member or director of such company.

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Source: https://www.legislation.gov.uk/ukla/1991/3/schedule/paragraph/42 (the official version)
Page: https://openlegislation.uk/standard-life-assurance-company-act-1991/schedule/paragraph-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.