Qualifying share

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Qualifying share

Shares of common stock that a person must hold in order to qualify as a director of the issuing corporation.

Qualifying Share

A common share one must own in order to become eligible for the company's board of directors. It is important to note that qualifying shares are not, in themselves, different from other common shares.
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Medicago said it has received an advance ruling from the Ministere du Revenu du Quebec confirming that the company is a qualified issuing corporation for the purposes of the Quebec Stock Savings Plan II (QSSP II) and that the common shares to be issued as part of the offering will be "qualified shares" for a QSSP II qualified mutual fund.
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