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S-31.1 - Business Corporations Act

Section 408
Disposition versions

Full text
408. If an application under section 407 is made to the court, the offeror must, within 10 days after notification of the application, send to all the dissenting shareholders who notified the offeror of their intention to demand payment of the fair value of their shares a notice informing them that an application has been filed with the court, that they may intervene in the proceedings and that they will be bound by the decision.
In addition to the parties to the application, the decision binds all the dissenting shareholders who were notified within the prescribed period.
2009, c. 52, s. 408.
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