V-1.1 - Securities Act

Section 136 Disposition versions

2008-02-01

136. (Replaced).

1982, c. 48, s. 136; 1984, c. 41, s. 40; 2001, c. 38, s. 45; 2006, c. 50, s. 41.

2003-06-27

136. Where the board of directors of an offeree company is considering making a recommendation after the sending of the circular provided for in section 134, it shall mention that fact in the circular. It may then recommend that the security holders not tender their securities until further communication is received from the board.

Where the board recommends that holders await further communication, it shall, within the time fixed by regulation, communicate to them its substantiated recommendation or, if it decides not to make a recommendation, its reasons therefor.

1982, c. 48, s. 136; 1984, c. 41, s. 40; 2001, c. 38, s. 45.

1987-06-04

136. Where the board of directors of an offeree company is considering making a recommendation after the sending of the circular provided for in section 134, it shall mention that fact in the circular. It may then recommend that the security holders not tender their securities until further communication is received from the board.

Where the board recommends that holders await further communication, it shall, not later than seven days before the bid expires, communicate to them its substantiated recommendation or, if it decides not to make a recommendation, its reasons therefor.

1982, c. 48, s. 136; 1984, c. 41, s. 40.

1983-04-06

136. A take-over bid must have a duration of at least twenty-one days for holders to deposit their securities pursuant to the bid.

1982, c. 48, s. 136.