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In forceDebentures as consideration for acquisition of shares
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 1Introductory
Part 1.2Interpretation
Division 7Meaning of some other expressions
59 Debentures as consideration for acquisition of shares
A reference to a body corporate that offers debentures as consideration for the acquisition of shares in a body corporate includes a reference to a body corporate that offers a cash sum as consideration for the acquisition of shares where it is to be a term of the contract for the acquisition of those shares that the offeree makes, or that the sum is applied in whole or in part in making, a payment by way of deposit with, or loan to, the body corporate that offers the sum.
This Act’s bill:Explanatory memorandumSecond reading speech
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