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V-1 - Securities Act

Section 78
Disposition versions

Full text
78. Any representation made at the residence of an individual with a view to trading in securities is prohibited and constitutes an offence.
Any sale or transaction in securities made with an individual upon or following any representations made at a residence is annullable at the option of such individual.
The action in annulment and in recovery of the amount paid, if any, resulting from a sale or transaction contemplated in the preceding paragraph, may be brought before the civil court of competent jurisdiction of the domicile of the plaintiff. It shall be prescribed by one year from the date of the sale or transaction.
R. S. 1964, c. 274, s. 61.
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