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S-31.1 - Business Corporations Act

Section 393
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393. A beneficiary who may give instructions to a shareholder as to the exercise of rights attaching to a share has the right to demand the repurchase of that share as though the beneficiary were a shareholder; however, the beneficiary may only exercise that right by giving instructions for that purpose to the shareholder.
The beneficiary’s instructions must allow the shareholder to exercise the right in accordance with this chapter.
2009, c. 52, s. 393.
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