Section 53Part 8 — Foreign Limited Liability Companies
Limitation on rights of dissenters
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No rights under section 52 shall be available in respect of the LLC interests of any class for which an open market exists on a recognised stock exchange or recognised interdealer quotation system at the expiry date of the period allowed for written notice of an election to dissent under section 52(5), but this section shall not apply if the holders thereof are required by the terms of a plan of merger or consolidation pursuant to section 46 , 50 o r 51 to accept for such LLC interests, anything except —
interests of a surviving or consolidated entity, or depository receipts in respect thereof;
interests of any other entity, or depository receipts in respect thereof, which interests or depository receipts at the effective date of the merger or conso lidation, are either listed on a national securities exchange or designated as a national market system security on a recognised interdealer quotation system or held of record by more than two thousand holders;
cash in lieu of fractional interests or f ractional depository receipts described in paragraphs (a) and (b); or
any combination of the interests, depository receipts and cash in lieu of fractional interests or fractional depository receipts described in paragraphs (a), (b) and (c).
Rights under section 52 shall be available in respect of any class of interests of a constituent entity if the holders ther eof are required by the terms of a plan of merger or consolidation pursuant to section 46 , 50 o r 51 to accept for such LLC interests anything except —
interests of a surviving or consolidated entity, or depository receipts in respect thereof;
interests of a ny other entity, or depository receipts in respect thereof, which shares or depository receipts at the effective date of the merger or consolidation, are either listed on a national securities exchange or designated as a national market system security on a recognised interdealer quotation system or held of record by more than two thousand holders;
cash in lieu of fractional interests or fractional depository receipts described in paragraphs (a) and (b); or
any combination of the interests, deposito ry receipts and cash in lieu of fractional interests or fractional depository receipts described in paragraphs (a), (b) and (c).