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V-1.1 - Securities Act
Section 36
Disposition versions
36. (Repealed).
36. A person who subscribes for or purchases securities distributed in contravention of this division may unilaterally rescind the subscription or purchase.
The person needs merely to transmit a notice of rescission to the dealer within 30 days of his first knowledge of the contravention. The rescission has effect by operation of law from receipt of the notice.
