Commonwealth Numbered Acts
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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 59
Debentures as consideration for acquisition of shares
59. A reference to a body corporate that offers debentures as consideration
for the acquisition of shares in a body corporate includes a reference to a
body corporate that offers a cash sum as consideration for the acquisition of
shares where it is to be a term of the contract for the acquisition of those
shares that the offeree makes, or that the sum is applied in whole or in part
in making, a payment by way of deposit with, or loan to, the body corporate
that offers the sum.
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