Statute
Section 57 — Corporations Act 2001: Classes of shares or interests in managed investment schemes
Text of the provision Official document
(1) The shares in a body corporate, if not divided into 2 or more classes, constitute a class. Note: A CCIV must have a minimum of one class of shares per sub-fund: see section 1230A. (2) If the interests in a managed investment scheme to which an undertaking relates are not divided into 2 or more classes, they constitute a class.
Official source: Federal Register of Legislation
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