C-38 - Companies Act

Section 123.122 Disposition versions

1999-04-01

123.122. Companies that propose to amalgamate shall enter into an agreement that, in addition to the terms and conditions of amalgamation, indicates

(1)  the provisions contemplated in section 123.12, with the exception of paragraph 3 and, where applicable, in section 123.13;

(2)  the name, address and occupation of each of the future directors of the company resulting from the amalgamation;

(3)  the terms and conditions of converting the shares of each company into shares or other securities of the company resulting from the amalgamation;

(4)  if shares of one of the companies are not converted into shares of the company resulting from the amalgamation, the amount of money or any other form of payment that the holders of those shares must receive in addition to or instead of the shares of the company resulting from the amalgamation;

(5)  the amount of money or any other form of payment that must take the place of fractions of shares of the company resulting from the amalgamation;

(6)  the by-laws of the company resulting from the amalgamation, those it proposes to adopt or those it designates;

(7)  the provisions necessary to complete the amalgamation and to ensure the organization and management of the company resulting from the amalgamation, where such is the case.

1980, c. 28, s. 14.