QLDIn ForceAct
Co-operatives National Law (Queensland)
sec.430Definitions
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sec.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— in any case—the person or a nominee of the person; or if the person is a corporation—a subsidiary of the corporation.
- (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.