Acts and Regulations

B-9.1 - Business Corporations Act

Section 134
Disposition versions

Full text
Offer to all shareholders of the same class
Repealed: 2023, c.2, s.100
2023, c.2, s.100
134Repealed: 2023, c.2, s.101
2000, c.9, s.17; 2023, c.2, s.101
Offer to all shareholders of the same class
134Where an offer is made for less than all the shares of any class which, together with any other shares of the offeror, his affiliates or associates would constitute fifty per cent of the outstanding voting securities of a corporation,
(a) the offer shall be made to all security holders of that class, and
(b) where a greater number of securities is offered than the offeror is bound or willing to accept, the securities taken up by the offeror shall be taken up as nearly as may be pro rata, disregarding fractions, according to the number of securities sent by each offeree.
2000, c.9, s.17
Offer to all shareholders of the same class
134Where an offer is made for less than all the shares of any class which, together with any other shares of the offeror, his affiliates or associates would constitute fifty per cent of the outstanding voting securities of a corporation,
(a) the offer shall be made to all security holders of that class, and
(b) where a greater number of securities is offered than the offeror is bound or willing to accept, the securities taken up by the offeror shall be taken up as nearly as may be pro rata, disregarding fractions, according to the number of securities sent by each offeree.
2000, c.9, s.17