Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 353

353 .         Terms used

                In this Division —

        dissenting shareholder , in relation to a scheme or contract, means a shareholder who has not assented to the scheme or contract or who has failed to transfer the shareholder’s shares under 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 co-operative, means shares in the 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 body.