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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 306.24
Disposition versions

Full text
306.24. Notwithstanding any inconsistent legislative provision, the securities of the Société 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;
(3)  securities payable to the bearer.
The Société 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.
1985, c. 31, s. 25; 1999, c. 40, s. 68.
306.24. Notwithstanding any inconsistent legislative provision, the securities of the corporation 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;
(3)  securities payable to the bearer.
The corporation 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.
1985, c. 31, s. 25.
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