Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 651B

(1)

An election under section 650B or 651A to take a new form of consideration must be made:

(a)

by written notice to the bidder; and

(b)

within 1 month after the person receives the notice from the bidder of their right to make the election.

(2)

The person becomes entitled to the new form of consideration if they:

(a)

make the election; and

(b)

return to the bidder:

(i)

any consideration they have already received; and

(ii)

any necessary transfer documents.