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I-3 - Taxation Act

Section 961.24.4
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961.24.4. If a qualified trust makes an election under section 961.24,
(a)  it shall provide notification of the election
i.  not later than 30 days after making the election, to each person who held a unit in the qualified trust before the election was made and during the period for which the election is applicable, and
ii.  at the time of acquisition, to each person who acquires a unit in the qualified trust after the election has been made and during the period for which the election is applicable; and
(b)  where a person who holds a unit in the qualified trust during the period for which the election is applicable makes a written request to the qualified trust for information that is necessary for the purpose of determining the consequences under this Part of the election for that person, the qualified trust shall provide the person with that information not later than 30 days after receiving the request.
1995, c. 49, s. 219; 1997, c. 3, s. 71; 2005, c. 23, s. 127; 2006, c. 13, s. 70.
961.24.4. Where a qualified trust or a qualified corporation elects under section 961.24,
(a)  it shall, not more than 30 days after making the election, notify each person who, before the election is made and during the period for which the election is made, held a unit in the qualified trust or a share of the capital stock of the qualified corporation, as the case may be, of the election; and
(b)  where any person who holds a unit in the qualified trust or a share of the capital stock of the qualified corporation during the period for which the election is made makes a written request to the qualified trust or the qualified corporation for information that is necessary for the purpose of determining the consequences under this Part of the election for that person, the qualified trust or the qualified corporation, as the case may be, shall provide the person with that information not more than 30 days after the receipt of the request.
1995, c. 49, s. 219; 1997, c. 3, s. 71; 2005, c. 23, s. 127.
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