432. Duration, variation and revocation of compulsory rights order.

432.     Duration, variation and revocation of compulsory rights order.

The period for which a compulsory rights order has effect is a period beginning with the date on which the order becomes operative1, and of such duration, not exceeding 20 years, as may be specified in the order2.

Such an order may not be varied by extending the period for which it is to have effect3, provided that where the period specified in the order is less than 20 years, this provision4 does not prevent the variation of the order by the