CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 6 - TAKEOVERS
History
Chapter 6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
SECTION 605
CLASSES OF SECURITIES
605(1)
[Securities within a class]
Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.
605(2)
[Limits of class definition]
For the purposes of this Chapter and
Chapters 6A and
6C, securities are not to be taken to be different classes merely because:
(a)
some of the securities are fully-paid and others are partly-paid; or
(b)
different amounts are paid up or remain unpaid on the securities.
History
S 605 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
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