3197.This section extends the meaning of distribution to encompass arrangements between two or more companies to make distributions to each other’s members. It is based on section 254(8) of ICTA.
3198.This section provides interpretation of the term “in respect of shares in the company”. It is based on section 254(1), (2), (4) and (12) of ICTA.
3199.This section provides interpretation of the term “in respect of securities in the company”. It is based on section 254(1), (2), (4) and (12) of ICTA.
3200.This section provides interpretation of the term “new consideration”. It is based on section 254(1), (5), (6) and (7) of ICTA.
3201.This section contains the definition of “living together”. It is based on section 1011 of ITA.
3202.This section provides further interpretation. It is based on sections 218(1) and 254(1), (9), (10), (11) and (12) of ICTA.