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

70. A person who guarantees a signature of an endorser of a security certificate warrants that, at the time of signing,
(1)  the signature was neither forged nor counterfeited;
(2)  the signer was the appropriate person to endorse or, if the signature is by a representative of the appropriate person, the representative had actual authority to act on behalf of the appropriate person; and
(3)  the signer had legal capacity to sign.
2008, c. 20, s. 70.