PART 7
MERGER, CONSOLIDATION, SALE OF ASSETS, FORCED REDEMPTIONS, ARRANGEMENTS AND DISSENTERS
75. Interpretation for purposes of Part 7
In this Part—
“consolidated company” means a new company that results from the consolidation of 2 or more constituent companies;
“consolidation” means the uniting of 2 or more constituent companies into a new company;
“constituent company” means an existing company that is participating in a merger or consolidation with one or more other existing companies;
“merger” means the combining of 2 or more constituent companies into one of the constituent companies;
“parent company” means a company that owns at least 90% of the outstanding shares of each class and series of shares in another company;
“subsidiary company” means a company at least 90% of whose outstanding shares of each class and series of shares are owned by another company;
“surviving company” means the constituent company into which one or more other constituent companies are merged.