THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.1 - INTERPRETATION
SECTION 763 ODD LOT 763(1) [Less than marketable parcel] A parcel of securities constitutes an odd lot if the number of securities in that parcel is less than one marketable parcel of those securities. 763(2) [More than marketable parcel] When the number of securities in a parcel of securities is greater than one marketable parcel of those securities and, after excluding so many of the securities in that parcel as constitute a marketable parcel or marketable parcels of those securities, a number of securities remains, that remaining number of securities constitutes an odd lot.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.