Section 690 | Amount B

(1)In section 688, amount B is the highest 60 day minimum amount for the post-change period.

(2)The highest 60 day minimum amount for the post-change period is found as follows.

Step 1 Find the daily amounts of the company's capital over the post-change period.

Step 2 Take the highest of the daily amounts.

Step 3 Find out whether there was in the post-change period a period of at least 60 days in which there was no daily amount lower than the amount taken.

Step 4 If there was, the amount taken is the highest 60 day minimum amount for the post-change period. If there was not, take the next highest of the daily amounts and repeat step 3; and so on, until the highest 60 day minimum amount for the post-change period is found.

(3)In this section “the post-change period” means the period of 5 years beginning with the change in ownership.