965.6.4. Where an individual withdraws from an investment group of which he is a member, he may elect to transfer into a stock savings plan under which he is a beneficiary a share and, if any, a non-guaranteed convertible security that are included in a stock savings plan under which the investment group is a beneficiary and that are allotted to him in respect of his withdrawal if the requirement of paragraph g of section 965.7 is fulfilled in respect of that share and that non-guaranteed convertible security immediately before his withdrawal.
The election provided for in the first paragraph is made by transmitting a written notice to that effect to the dealer with which the investment group entered into an arrangement provided for in section 965.2.
1986, c. 15, s. 138; 1992, c. 1, s. 100.