sec.413DWhat is a share interest

### sec.413D What is a share interest The share interest , of a person in a transferee corporation, is the person’s entitlement as a shareholder of the corporation, expressed as a percentage of the total value of the transferee corporation’s property that would be distributed if— the corporation were to be wound up; and the property were distributed immediately after the person acquired the interest in the corporation. For subsection (1) , the entitlement of a person on a distribution of a transferee corporation’s property is taken to be the entitlement of a person on a distribution of a corporation’s property under section 161 , as if a reference in that section to a corporation were a reference to a transferee corporation. s 413D ins 2022 No. 14 s 6 (sec.413D-ssec.1) The share interest , of a person in a transferee corporation, is the person’s entitlement as a shareholder of the corporation, expressed as a percentage of the total value of the transferee corporation’s property that would be distributed if— the corporation were to be wound up; and the property were distributed immediately after the person acquired the interest in the corporation. (sec.413D-ssec.2) For subsection (1) , the entitlement of a person on a distribution of a transferee corporation’s property is taken to be the entitlement of a person on a distribution of a corporation’s property under section 161 , as if a reference in that section to a corporation were a reference to a transferee corporation. - (a) the corporation were to be wound up; and - (b) the property were distributed immediately after the person acquired the interest in the corporation.