C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 231.2 Disposition versions

1982-07-11

231.2. Notwithstanding any inconsistent legislative provision, the securities of the Community may be issued in the following forms or as a combination thereof:

(1)  fully registered securities;

(2)  securities that may be registered only for the principal; or

(3)  securities payable to the bearer.

The executive committee may prescribe the mode of transfer or negotiation of the securities of the Community and the formalities to be fulfilled for that purpose. However, a bearer security is negotiable by mere delivery and is not subject to registration unless otherwise stipulated.

1982, c. 18, s. 99.