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COMPANIES CLAUSES CONSOLIDATION ACT 1845 - SECT 85

Qualification of directors.

85. No person shall be capable of being a director unless he be a shareholder,
nor unless he be possessed of the prescribed number, if any, of shares; and no
person holding an office or place of trust or profit under the company, or
interested in any contract with the company, shall be capable of being a
director; and no director shall be capable of accepting any other office or
place of trust or profit under the company, or of being interested in any
contract with the company, during the time he shall be a director.


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© 1845 Crown Copyright

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