V-1 - Securities Act

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149. Where the board of directors is considering sending a circular under section 147 it may advise its shareholders of this fact and may advise them not to tender their shares until a further commmunication is received from the board of directors which, in such case, shall send a directors’ circular at least seven days prior to the expiry of the take-over bid.
1973, c. 67, s. 26.