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Insurance Companies Act

Version of section 314 from 2003-01-01 to 2006-11-27:

Marginal note:Parties and notice

 On an application under subsection 313(1) or (2),

  • (a) all dissenting offerees who have made elections under subparagraph 309(1)(c)(ii) and whose shares have not been acquired by the offeror shall be joined as parties and are bound by the decision of the court; and

  • (b) the offeror shall notify each affected dissenting offeree of the date, place and consequences of the application and of the dissenting offeree’s right to appear and be heard in person or by counsel at the hearing of the application.

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