What is the test for determining whether a shareholder has a reasonable expectation that they will receive as a result of the date they acquired their shares?
Alberta, Canada
The following excerpt is from Berman v 905952 Alberta Ltd, 2021 ABQB 434 (CanLII):
See also Lucas v Rockcrest Estates Ltd, 2013 BCSC 285, at para 61: “The question of whether an expectation is reasonable is to be assessed as of the date the shareholder acquired his shares: Callahan v. Callahan, 2011 BCSC 40, para. 24...”.
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