Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 277(2)

B-1.01 — Bank Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2006-11-28 to present available View Source
    AIn person proposingaddition to distributeany securitiesother ofright that the shareholder may have, but subject to subsection (25), a bankshareholder who complies with this section is, when the action approved by the resolution from which the shareholder dissents becomes effective, entitled to whichbe apaid preliminaryby prospectusthe relatesbank shallthe maintainfair a record of all persons to whom a copyvalue of the preliminaryshares prospectusin hasrespect beenof sent.which the shareholder dissents, determined as of the close of business on the day before the resolution was adopted by the shareholders.
    Full text

    In addition to any other right that the shareholder may have, but subject to subsection (25), a shareholder who complies with this section is, when the action approved by the resolution from which the shareholder dissents becomes effective, entitled to be paid by the bank the fair value of the shares in respect of which the shareholder dissents, determined as of the close of business on the day before the resolution was adopted by the shareholders.

  2. 2003-01-01 to 2006-11-28 View Source

    A person proposing to distribute securities of a bank to which a preliminary prospectus relates shall maintain a record of all persons to whom a copy of the preliminary prospectus has been sent.