I-3 - Taxation Act

Section 965.24.1.2.1.1 Disposition versions

2017-12-07

965.24.1.2.1.1. (Repealed).

1999, c. 83, s. 151; 2001, c. 7, s. 169; 2017, c. 29, s. 166.

2006-03-01

965.24.1.2.1.1. Notwithstanding section 965.24.1, where a corporation referred to in section 965.11.7.1 issues, as part of a public issue, a preferred share referred to in paragraph b of section 965.9.1.0.4.2, in section 965.9.1.0.4.3, in paragraph b of section 965.9.1.0.5 or in section 965.9.1.0.6, that is convertible into a qualifying share referred to in paragraph a of section 965.9.1.0.4.2, in section 965.9.1.0.4.3, in paragraph a of section 965.9.1.0.5 or in section 965.9.1.0.6, while no share of the same class as that qualifying share was outstanding on the date of the receipt for the final prospectus or of the exemption from filing a prospectus relating to the public issue of that preferred share, the corporation is required to undertake, in the final prospectus or the application for an exemption from filing a prospectus relating to the issue of that preferred share, to have shares of the same class as the qualifying share listed on a Canadian stock exchange on or before the sixtieth day after the date on which the corporation demonstrates to the proper authorities of that stock exchange that the shares of that class are sufficiently distributed among holders.

1999, c. 83, s. 151; 2001, c. 7, s. 169.