29. Any transfer carried out in accordance with section 27, or section 28 where such is the case, shall vest the property of the debenture in the transferee and entitle him to take an action thereupon in his own name.
In any such action, it is not necessary to set forth or to prove the mode by which a person became the holder of the debenture, or to set forth or to prove the notices, by-laws, or other proceedings under or by virtue of which the debenture was issued. It shall be sufficient to describe the plaintiff or applicant as the holder of the debenture alleging the general endorsement or the registration required by sections 27 and 28, if any, and shortly to state its legal effect and purport, and to make proof accordingly.
R. S. 1964, c. 171, s. 28; 1983, c. 57, s. 106.