605
In forceClasses of securities
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 6Takeovers
605 Classes of securities
(1)
Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy‑out rights operate on securities within a particular class.
(2)
For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because:
(a)
some of the securities are fully‑paid and others are partly‑paid; or
(b)
different amounts are paid up or remain unpaid on the securities.
This Act’s bill:Explanatory memorandumSecond reading speech
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