RECO / TRESA · Share ownership
A non-voting class gains a vote on a stated trigger
What the check looks for
An "equity share" includes one carrying a vote under circumstances that have occurred and are continuing. A non-voting class that gains a vote on a trigger becomes an equity share when the trigger fires, so a family holder would then hold an equity share and eligibility would end without any transfer.
Authority: TRESA s. 1(1) ("equity share"); O. Reg. 536/20, s. 2 ¶2
What good looks like
No non-voting class is drafted to acquire a vote on a trigger, so none of them can become an equity share on its own.
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