Section 365. Interpretation

In this Subdivision, unless the context otherwise requires—

“arrangement” includes a reorganization of the share capital of a company by the consolidation of shares of different classes or by the division of shares into shares of different classes or by both of these methods;

“company” means any corporation or society liable to be wound up under this Act with the exception of section 370;

“transferee company” means—

(a) in section 370, a company to which the whole or any part of the undertaking or property of the transferor company is transferred to; and

(b) in section 371, a company to which all of the shares or all of the shares in any particular class of the transferor company is transferred to;

“transferor company” means—

(a) in section 370, a company which transfers the whole or any part of the undertaking or property of the company; and

(b) in section 371, a company which transfers all of the shares or all of the shares in any particular class of the company.

Last updated