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

Section 121
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121. If a securities intermediary transfers a financial asset under an ineffective entitlement order, the securities intermediary must re-establish a security entitlement in favour of the previous entitlement holder and pay or credit any payments, dividends or other distributions that the previous entitlement holder did not receive as a result of the wrongful transfer.
2008, c. 20, s. 121.
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