90 C.P.T.J. - Q.5

Where the creditors of a corporation in financial difficulty agree to exchange their debt for common shares of the corporation on the basis of the market price of a share on the date of the agreement, section 80 will apply if the market price of the shares declines by the time for closing the exchange.

Where the creditors of a corporation in financial difficulty agree to exchange their debt for common shares of the corporation on the basis of the market price of a share on the date of the agreement, section 80 will apply if the market price of the shares declines by the time for closing the exchange.