430Definitions

430 Definitions 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.