I-3 - Taxation Act

Section 965.108 Disposition versions

2006-06-13

965.108. The share to which section 965.107 refers is

(a)  a share that is a fractional share;

(b)  a share that can, under the conditions pertaining to its issue, be redeemed by the issuing corporation or purchased by anyone, directly or indirectly, in any manner whatever, and that was not received as part of a large distribution of surplus or as a result of a transaction referred to in any of sections 301, 536, 541 and 544, in relation to a share meeting, at the time of its issue, the requirement of paragraph b of section 965.74 or in relation to a share substituted for such a share; or

(c)  a share that is the subject of a transaction or operation or of a series of transactions or operations if the transaction or operation or the series of transactions or operations is effected to meet the requirements of an Act or the regulations governing a sector of activities.

2006, c. 13, s. 80.