s 353
In forceTerms used
Part 13Arrangements and reconstructions
Division 4Acquisition of shares of dissenting shareholders
353 Terms used
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 body.
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