V-1.1 - Securities Act

Full text
113. When a take-over bid has been made, the directors of the offeree issuer shall determine whether to recommend acceptance or rejection of the bid or determine not to make a recommendation, and shall make the recommendation or issue a statement that they are not making a recommendation, in accordance with the conditions determined by regulation.
1982, c. 48, s. 113; 1984, c. 41, s. 40; 2006, c. 50, s. 41.
113. A take-over bid is subject to this title if the offeror intends to acquire securities of the class which is the subject of the bid from at least one security holder having a connection with Québec by his address, as shown on the records of the offeree company, by his residence or by his presence in the territory at any time during the bid.
1982, c. 48, s. 113; 1984, c. 41, s. 40.
113. An invitation to make an offer to sell, or the acceptance of an unsolicited offer to sell, if done for the purpose of obtaining the result described in section 110, is deemed to be a take-over bid.
1982, c. 48, s. 113.