C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 286.2 Disposition versions

1985-06-20

286.2. (Replaced).

1982, c. 18, s. 121; 1985, c. 31, s. 23.

1982-07-11

286.2. Notwithstanding any inconsistent legislative provision, the securities of the Commission may be issued in one of the following forms or as a combination thereof:

(1)  fully registered securities;

(2)  securities that may be registered for the principal only; or

(3)  securities payable to the bearer.

The Commission may prescribe the mode of transfer or negotiation of its securities and the formalities to be fulfilled for that purpose. However, a bearer security is negotiable by mere delivery and is not subject to registration unless otherwise stipulated.

1982, c. 18, s. 121.