Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Cooperatives Act

Part 8 — Compulsory Acquisition

157 Distributing cooperative

Current to 2023-12-07 · Official PDF

(1) If an investment shareholder holding shares of a
distributing cooperative does not receive a notice under this Part,
the investment shareholder may, within 90 days after the date of
the end of the take-over bid or, if the investment shareholder did
not receive an offer pursuant to the take-over bid, within 90 days
after learning of the take-over bid, require the offeror to acquire
those investment shares.
(2) If an investment shareholder requires the offeror to acquire
shares under subsection (1), the offeror must acquire the shares on
the same terms under which the offeror acquired or will acquire the
shares of the offerees who accepted the take-over bid.