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

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80. A person who transfers an uncertificated security to a purchaser for value and does not originate an instruction in connection with the transfer warrants to the purchaser that
(1)  the security is valid;
(2)  there is no adverse claim to the security;
(3)  the transfer does not violate any restriction on transfer; and
(4)  the transfer is otherwise effective and rightful.
2008, c. 20, s. 80.