430
CurrentDefinitions
Chapter 4Structural and other events for co-operatives
Part 4.4Compromises and arrangements
Division 3Acquisition of shares of dissenting shareholders
430 Definitions
In this Division—
dissenting shareholder, in relation to a scheme or contract, means a shareholder who has not assented to the scheme or contract or who has failed to transfer the shareholder’s shares under the scheme or contract.
excluded shares, in relation to a scheme or contract involving a transfer to a person of shares in a class of shares in a co-operative, means shares in the class that, when the offer relating to the scheme or contract is made, are held by—
(a)
in any case—the person or a nominee of the person; or
(b)
if the person is a corporation—a subsidiary of the corporation.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.