Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 763

Odd lot
763. (1) A parcel of securities constitutes an odd lot if the number of
securities in that parcel is less than one marketable parcel of those
securities.

(2) When the number of securities in a parcel of securities is greater than
one marketable parcel of those securities and, after excluding so many of the
securities in that parcel as constitute a marketable parcel or marketable
parcels of those securities, a number of securities remains, that remaining
number of securities constitutes an odd lot. 


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