10.—(1) A member who is, directly or indirectly, interested in a transaction or project made, or proposed to be made, by the Board or any other matter which is before any meeting of the Board, shall disclose the nature of his interest at the first meeting of the Board at which he is present after the relevant facts have come to his knowledge.
(2) A disclosure under subsection (1) shall be recorded in the minutes of the Board and, after the disclosure, that member —
(a)
shall not take part in any deliberation or discussion of, and shall not vote on any question with respect to, that contract or other matter; and
(b)
shall be disregarded for the purpose of constituting a quorum of the Board for such deliberation or discussion or vote, as the case may be.
(3) No act or proceedings of the Board shall be questioned on the ground that a member has contravened this section.
(4) For the purposes of this section, an interest of any spouse, parent, son or adopted son, or daughter or adopted daughter, of a member shall be treated as an interest of the member.