430Definitions

430 Definitions

430 Definitions

In this Division—

dissenting shareholder, in relation to a scheme or contract, means a shareholder who has not assented to the scheme or contract or who has failed to transfer the shareholder’s shares under the scheme or contract.

excluded shares, in relation to a scheme or contract involving a transfer to a person of shares in a class of shares in a co-operative, means shares in the class that, when the offer relating to the scheme or contract is made, are held by—

(a) in any case—the person or a nominee of the person; or

(b) if the person is a corporation—a subsidiary of the corporation.