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

Section 117
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117. A securities intermediary must take action to obtain a payment, dividend or other distribution made by the issuer of a financial asset.
On receiving a payment, dividend or other distribution from the issuer of a financial asset, the securities intermediary is obligated to its entitlement holders having security entitlements to the financial asset.
2008, c. 20, s. 117.
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