Eastern Standard Time, November 27, 1986, other than a share held at that time
(i)by the issuer, or
(ii)by any person or partnership where the issuer may become entitled to receive any amount after that time by way of subscription proceeds or contribution of capital with respect to that share pursuant to an agreement made before that time, or
(c)a share that was, at the time the dividend referred to in subsection 112(2.4) was received, a share described in paragraph (e) of the definitionterm preferred sharein subsection 248(1) during the applicable period referred to in that paragraph; (action exclue)
investormeans the particular corporation referred to in subsection 112(2.4) and a person with whom that corporation does not deal at arm’s length and any partnership or trust of which that corporation, or a person with whom that corporation does not deal at arm’s length, is a member or beneficiary, but does not include the other corporation referred to in that subsection; (investisseur)
issuermeans the other corporation referred to in subsection 112(2.4) and a person with whom that corporation does not deal at arm’s length and any partnership or trust of which that corporation, or a person with whom that corporation does not deal at arm’s length, is a member or beneficiary, but does not include the particular corporation referred to in that subsection. (émetteur)
Marginal note:Change in agreement or condition
(2.7)For the purposes of the definitionexempt sharein subsection 112(2.6), where at any time after 5:00 p.m