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

Section 80 Disposition versions

2009-01-01

80. A person who transfers an uncertificated security to a purchaser for value and does not originate an instruction in connection with the transfer warrants to the purchaser that

(1)  the security is valid;

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

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

(4)  the transfer is otherwise effective and rightful.

2008, c. 20, s. 80.