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

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79. A person who transfers a certificated security to a purchaser for value otherwise than by endorsement warrants to the purchaser that
(1)  the security certificate is neither forged nor counterfeited and has not been materially altered;
(2)  the transferor does not know of any fact that might impair the validity of the security;
(3)  there is no adverse claim to the security;
(4)  the transfer does not violate any restriction on transfer; and
(5)  the transfer is otherwise effective and rightful.
2008, c. 20, s. 79.