V-1.1 - Securities Act

Section 58 Disposition versions

2005-09-14

58. (Repealed).

1982, c. 48, s. 58; 1984, c. 41, s. 21; 1990, c. 77, s. 15; 2001, c. 38, s. 16; 2004, c. 37, s. 8.

2003-06-27

58. No prospectus is required for the alienation of securities of a reporting issuer purchased under an exemption provided for in section 43, 47, 48 or 51, provided the initial purchaser and subsequent purchasers have held the securities for a fixed period immediately preceding the alienation, and, where the seller is an insider of the issuer, provided the reporting issuer has complied with the applicable disclosure requirements during the same period.

The period referred to in the preceding paragraph is determined by regulation.

1982, c. 48, s. 58; 1984, c. 41, s. 21; 1990, c. 77, s. 15; 2001, c. 38, s. 16.

1991-03-15

58. No prospectus is required for the alienation of securities of a reporting issuer purchased under an exemption provided for in section 43, 47, 48 or 51, provided the initial purchaser and subsequent purchasers have held the securities for a fixed period immediately preceding the alienation, and, where the seller is an insider of the issuer, provided the reporting issuer has complied with the applicable disclosure requirements during the same period.

The period provided for in the preceding paragraph is

(1)  six months in the case of a gilt-edged security;

(2)  12 months in the case of other securities;

(3)  (subparagraph repealed).

1982, c. 48, s. 58; 1984, c. 41, s. 21; 1990, c. 77, s. 15.

1984-12-21

58. No prospectus is required for the alienation of securities of a reporting issuer purchased under an exemption provided in section 43, 47 or 51 where the initial purchaser and subsequent purchasers entitled to one of such exemptions have held the securities for a fixed period immediately preceding the alienation and if the reporting issuer where the seller is an insider of the issuer, has complied with the applicable disclosure requirements during the same period.

The period provided for in the preceding paragraph is

(1)  six months in the case of a gilt-edged security;

(2)  12 months in the case of other securities;

(3)  (subparagraph repealed).

1982, c. 48, s. 58; 1984, c. 41, s. 21.

1983-04-06

58. No prospectus is required for the alienation of securities of a reporting issuer purchased under an exemption provided in section 43, 47 or 51 where the initial purchaser and subsequent purchasers entitled to one of such exemptions have held the securities for a fixed period immediately preceding the alienation and if the reporting issuer has complied with the applicable disclosure requirements during the same period.

The period provided for in the preceding paragraph is

(1)  6 months in the case of a gilt-edged security;

(2)  12 months in the case of securities merely listed on a recognized stock exchange;

(3)  18 months in the case of other securities.

1982, c. 48, s. 58.