Section YC 2 — Income Tax Act 2007: Voting interests

YC 2 Voting interests Percentage of shareholder decision-making rights (1) A person’s voting interest in a company equals the percentage of the total shareholder decision-making rights for the company carried by shares or options held by the person. When decision-making rights vary (2) Despite subsection (1), if the percentage of shareholder decision-making rights for a company carried by shares or options held by any person differs as between the types of decision-making listed in the definition of shareholder decision-making right , the person’s voting interest in the company equals the average of those differing percentages. Defined in this Act: company , share , shareholder decision-making right , voting interest , Compare: 2004 No 35 s OD 3(1), (2)