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

Section 2 Disposition versions

2009-01-01

2. The provisions of this Act pertaining to the rights and obligations arising out of a transfer of securities or the establishment of security entitlements to financial assets are suppletive provisions.

However, the obligations of good faith, prudence, diligence and reasonableness applicable in carrying out those provisions may not be disclaimed by the parties, but the parties may establish standards of conduct whose observance will be considered to imply the performance of those obligations, so long as such standards are not manifestly unreasonable.

2008, c. 20, s. 2.