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V-1.1 - Securities Act

Section 127
Disposition versions

Full text
127. (Replaced).
1982, c. 48, s. 127; 1984, c. 41, s. 40; 2006, c. 50, s. 41.
127. A take-over bid is binding on the offeror in respect of all the holders of securities of the class sought by the bid and in respect of holders of securities carrying the right to purchase, during the offer, securities of that class, if they are resident in Québec according to the addresses entered in the records of the offeree company or are resident there in fact.
1982, c. 48, s. 127; 1984, c. 41, s. 40.
127. Securities purchased by the offeror during a take-over bid but not as a result of the bid are taken into account in determining whether or not the minimum number of securities has been tendered under the bid, except where the number of securities deposited in response to the bid exceeds the number that the offeror is bound or willing to take up.
1982, c. 48, s. 127.
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