7 October 2016 APFF Roundtable Q. 7, 2016-0652971C6 F - Paragraph 251(5)(b) and subsection 256(1.4) -- translation
Principal Issues: (1) Whether a power of attorney to find a prospective buyer for the shares of the capital stock of a corporation held by a departing shareholder is a right under subsection 256(1.4). (2) Whether an automatic redemption by a corporation of shares of its capital stock held by a departing shareholder is a right under subsection 256(1.4). (3) Whether an automatic redemption by a corporation of shares of its capital stock held by a departing shareholder is a right under paragraph 251(5)(b).