Close Corporations Act 1989
Part 10PROVISIONS RELATING TO SHARES
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PART 10—PROVISIONS RELATING TO SHARES
Division 1—Acquisition by close corporation of its shares
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Restriction on acquisition by corporation of its shares or units of its shares
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Corporation may acquire shares in accordance with this Division
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Consent and declaration of solvency by members
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Withdrawal from participation in declaration of solvency
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Publication of notice of proposed acquisition of shares
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Corporation to cancel shares acquired
Division 2—Close corporation financing dealings in its shares etc.
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Interpretation
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Prohibition
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Order for compensation
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Power to grant relief
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Exceptions
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Authorisation
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Powers of Court
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Members’ duties not affected
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Consequences of corporation financing dealings in its shares etc.