Australian Capital Territory Consolidated Acts

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COOPERATIVES ACT 2002 - SECT 353

Definitions for div 13.3

In this division:

"dissenting shareholder", in relation to a scheme or contract, means a shareholder who has not agreed to the scheme or contract or who has failed to transfer shares in accordance with 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 cooperative, means shares in that 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.



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