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

Section 81 Disposition versions

2009-01-01

81. A person who presents a security certificate for the registration of transfer or for payment, redemption or exchange warrants to the issuer that the person is entitled to the registration, payment, redemption or exchange, but a purchaser for value and without notice of adverse claims to whom transfer is registered warrants to the issuer only that the person has no knowledge of any unauthorized signature in a necessary endorsement.

2008, c. 20, s. 81.