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V-1.1 - Securities Act

Section 109.9
Disposition versions

Full text
109.9. The purchase or repurchase of securities under section 109.8 is carried out by operation of law on receipt of the holder’s notice by the dealer.
The dealer shall pay the holder the price paid for the securities at the time of the subscription or purchase or, if it is less, the securities’ net asset value at the time the dealer received the holder’s notice. The dealer shall also reimburse the commissions and subscription fees paid by the holder.
2016, c. 7, s. 157.
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