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S-31.1 - Business Corporations Act

Section 398
Disposition versions

Full text
398. A person (the “offeror”) who makes a take-over bid for all the shares of a class of shares issued by a corporation that is a reporting issuer is entitled, on complying with the rules of this chapter, to acquire the shares of that class held by shareholders who do not accept the take-over bid (the “dissenting shareholders”), if within 120 days after the date of the take-over bid, the bid is accepted by the holders of not less than 90% of the shares of the class concerned, other than the shares held at that date by the offeror or the offeror’s affiliates or associates.
2009, c. 52, s. 398.
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