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V-1.1 - Securities Act

Section 30
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30. A person who subscribes for or purchases from a dealer securities offered in a distribution may unilaterally rescind the subscription or the contract merely by transmitting a notice of rescission to the dealer within two days after receipt of the prospectus, any other document, prescribed by regulation, standing in lieu of a prospectus or any amendment to the prospectus or to such a document. The rescission has effect by operation of law from receipt of the notice.
1982, c. 48, s. 30; 1987, c. 40, s. 2; 2011, c. 26, s. 71.
30. A person who subscribes for or purchases from a dealer securities offered in a distribution may unilaterally rescind the subscription or the contract merely by transmitting a notice of rescission to the dealer within two days after receipt of the prospectus or any amendment thereto. The rescission has effect by operation of law from receipt of the notice.
1982, c. 48, s. 30; 1987, c. 40, s. 2.
30. A person who, without having received a preliminary prospectus, subscribes for or purchases from a dealer securities offered in a distribution may unilaterally rescind the subscription or the contract merely by transmitting a notice of rescission to the dealer within two days after receipt of the prospectus. The rescission has effect by operation of law from receipt of the notice.
1982, c. 48, s. 30.
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