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V-1.1 - Securities Act

Section 147
Disposition versions

Full text
147. (Replaced).
1982, c. 48, s. 147; 1984, c. 41, s. 40; 1992, c. 35, s. 8; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2006, c. 50, s. 41.
147. The offeror shall, before the bid, make adequate arrangements to ensure that the required funds are available to effect payment for all securities that are the subject of the take-over bid. The Authority may require the offeror to furnish a guarantee of payment for the securities.
1982, c. 48, s. 147; 1984, c. 41, s. 40; 1992, c. 35, s. 8; 2002, c. 45, s. 696; 2004, c. 37, s. 90.
147. The offeror shall, before the bid, make adequate arrangements to ensure that the required funds are available to effect payment for all securities that are the subject of the take-over bid. The Agency may require the offeror to furnish a guarantee of payment for the securities.
1982, c. 48, s. 147; 1984, c. 41, s. 40; 1992, c. 35, s. 8; 2002, c. 45, s. 696.
147. The offeror shall, before the bid, make adequate arrangements to ensure that the required funds are available to effect payment for all securities that are the subject of the take-over bid. The Commission may require the offeror to furnish a guarantee of payment for the securities.
1982, c. 48, s. 147; 1984, c. 41, s. 40; 1992, c. 35, s. 8.
147. The offeror shall make adequate arrangements to ensure that the required funds are available to effect payment for all securities that are the subject of the take-over bid. The Commission may require the offeror to furnish a guarantee of payment for the securities.
1982, c. 48, s. 147; 1984, c. 41, s. 40.
147. An issuer that makes an issuer bid is exempt from the requirements under this title where
(1)  the securities are acquired in accordance with conditions in writing at the time of issue or determined subsequently in accordance with the constituting Act and the regulations thereunder;
(2)  the bid is made through the facilities of a stock exchange recognized by the Commission for the purposes of this section and in accordance with the rules of the exchange;
(3)  the issuer, following the publication of a notice of intention, acquires, over a twelve-month period, less than five per cent of the class or series of securities in question outstanding at the commencement of the period.
1982, c. 48, s. 147.
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