T-11.002 - Act respecting the transfer of securities and the establishment of security entitlements

Section 103 Disposition versions

2009-01-01

103. A person acquires a security entitlement and so becomes the entitlement holder if a securities intermediary

(1)  indicates, by book entry, that a financial asset has been credited to the person’s securities account;

(2)  receives a financial asset from the person or acquires a financial asset for the person and, in either case, accepts it for credit to the person’s securities account; or

(3)  becomes obligated under another law, regulation or rule or under a judgment to credit a financial asset to the person’s securities account.

2008, c. 20, s. 103.