V-1.1 - Securities Act

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36. (Repealed).
1982, c. 48, s. 36; 2006, c. 50, s. 23.
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.
1982, c. 48, s. 36.