Western Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

DUTIES ACT 2008 - SECT 160A

160A .         Acquisition of interest by merger of corporations

        (1)         If a corporation ( company A ) has an interest in an entity and there is a merger of company A with and into another corporation ( company B ) in circumstances where neither subsection (2) nor subsection (3) applies, company B is taken to acquire that interest.

        (2)         If 2 or more corporations (the merging corporations ) merge in circumstances where another corporation ( company C ) results as a consequence of the merger, and any of the merging corporations has an interest in an entity, company C is taken to acquire that interest.

        (3)         If 2 or more corporations (the merging corporations ) merge with and into each other in circumstances where each of the merging corporations continues in existence, and any of the merging corporations has an interest in an entity, the merging corporations are taken to acquire, jointly, 50% of that interest.

        [Section 160A inserted: No. 12 of 2019 s. 71.]



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback