10 November 2004 External T.I. 2004-0096991E5 F - Shareholders' agreement -- summary under Subparagraph 251(5)(b)(i)

CRA indicated that Aco, owned by X, was deemed by virtue of s. 256(1.4)(a) to be associated with Zco, owned equally by X and Y, where the Zco shareholders’ agreement provided that either had the option to acquire the other’s shares on the latter’s disability.