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PBR » Topics » Shareholder Rights Upon Liquidation

This excerpt taken from the PBR 20-F filed May 22, 2009.
Shareholder Rights Upon Liquidation
 
If PifCo is liquidated, the liquidator may (in accordance with an ordinary shareholder resolution):
 
  •     set a fair value on PifCo’s assets, divide all or part of PifCo’s assets among the shareholders and determine how the assets will be divided among shareholders or classes of shareholders; and
 
  •     vest all or part of PifCo’s assets in trustees.
 
Shareholders will not be compelled to accept any securities on which there is a liability.
 
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