s.12Member's pecuniary interests
12
Section 12Part 2 — ESTABLISHMENT AND ADMINISTRATION OF THE CAYMAN ISLANDS NATIONAL ATTRACTIONS AUTHORITY

Member's pecuniary interests

←→ Navigate  ·  Click subsection badges to collapse  ·  Press ? for help

For the purposes of section 11, a member shall be treated as having an indirect pecuniary interest in a contract, proposed contract, licence or other matter if —
the member, or the nominee of a member appointed under section 7(3)(c), is a member of a company or other body which has a direct or indirect pecuniary interest in the contract, proposed contract, licence or other matter under consideration;
the member is a person who is in a partnership in accordance with section 3 of the Partnership Act (2013 Revision) with, or in the employment of, a person —
with whom the contract was made or is proposed to be made; or
who has a direct or indirect pecuniary interest in the contract, proposed contract, licence or other matter under consideration; or
the member or the member's partner is a professional adviser to a person who has a direct or indirect pecuniary interest in a contract, proposed contract, licence or other matter under consideration.
Subsection (1) does not apply to membership of, or employment by, any public body.
In the case of a person who is married or a civil partner as defined by section 2 of the Civil Partnership Act, 2020, the interest of one spouse or civil partner shall be treated, for the purpose of section 11, to also be the interest of the other.

Defined Terms

indirect pecuniary interestdirect pecuniary interest

Cross References