Part 6 — Management and Administration Division 1 Membership
126 Conversion into fully paid-up shares
debenture stock, notes, obligations or fully paid preference shares
that provide for the conversion thereof at the option of the holder
into fully paid-up common or ordinary shares.
(2) When any of those bonds, debentures, debenture stock, notes
or obligations were issued at a discount then, notwithstanding the
amount of the discount, all common or ordinary shares issued on
the conversion of any of those bonds, debentures, debenture stock,
notes or obligations shall be deemed to be fully paid-up common or
ordinary shares.
RSA 1980 cC-20 s126
127 Repealed 2020 c25 s2(58).
128 Repealed 2020 c25 s2(59).