Understanding the Prince Edward Island Lands Protection Act

Potato Co. has 3 shareholders; Jack, Albert and Brian. Albert and Brian each own 24% of the corporation, and Jack owns the remaining 52%. The corporation owns 800 acres of land Given we know a corporation's aggregate land holding also includes lands owned by its shareholders, in order to calculate its aggregate land holding, we would also need to determine what lands the shareholders own. For these examples, we'll assume none of the shareholders have any personal land holdings.

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