Marginal note:Share certificates and election
286 A dissenting offeree to whom a notice is sent under subsection 285(1) shall within 20 days after receiving the notice
(a) send to the offeree bank the share certificates representing the shares to which the take-over bid relates; and
(b) elect to transfer the shares to the offeror on the same terms as those on which the offeror acquired shares from the offerees who accepted the take-over bid or to demand payment of the fair value of the shares in accordance with sections 289 to 292 by notifying the offeror.
- 1991, c. 46, s. 286
- 2005, c. 54, s. 61
- Date modified: