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

Section 79 Disposition versions

2009-01-01

79. A person who transfers a certificated security to a purchaser for value otherwise than by endorsement warrants to the purchaser that

(1)  the security certificate is neither forged nor counterfeited and has not been materially altered;

(2)  the transferor does not know of any fact that might impair the validity of the security;

(3)  there is no adverse claim to the security;

(4)  the transfer does not violate any restriction on transfer; and

(5)  the transfer is otherwise effective and rightful.

2008, c. 20, s. 79.