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D-7 - Act respecting municipal debts and loans

Section 28
Disposition versions

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28. Where a debenture is registered in the name of a person under Division IX, it may be transferred only if the registration is corrected so that the name of the transferee is specified thereon or so that it is indicated that the debenture is payable to bearer.
R. S. 1964, c. 171, s. 27; 1983, c. 57, s. 106; 2008, c. 20, s. 168.
28. Where a debenture is registered in the name of a person under Division IX, it may be transferred only if the registration is corrected so that the name of the transferee is specified thereon or so that it is indicated that the debenture is payable to bearer.
That condition is added to the transfer procedure mentioned in section 27.
R. S. 1964, c. 171, s. 27; 1983, c. 57, s. 106.
28. Any debenture issued as aforesaid, payable to any person, or to any person or order, shall, be endorsation thereof by such person, become transferable by delivery; and the transfer shall vest the property in the holder, and entitle him to take an action thereupon in his own name.
R. S. 1964, c. 171, s. 27.
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