Why the 30% Limit is a Dinosaur
Canada’s Pension Benefits Standards Act(the “PBSA”)provides that: …the administrator of a plan shall not, directly or indirectly, invest the monies of the plan in the securities of a corporation to which are attached more than 30% of the votes that may be cast to elect the directors of the corporation(the “30% Limit”). The 30% Limit […]
- August 2, 2007 September 13, 2019
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