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

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97. If the registered holder of a certificated security, whether in registered form or bearer form, claims that the security certificate has been lost, wrongfully taken or destroyed, the issuer must issue a new security certificate if the registered holder
(1)  so requests before the issuer has notice that the lost, wrongfully taken or allegedly destroyed security certificate has been delivered to a protected purchaser;
(2)  provides security sufficient in the issuer’s judgment to protect the issuer from any loss that the issuer may suffer by issuing a new certificate; and
(3)  satisfies any other reasonable requirements imposed by the issuer.
2008, c. 20, s. 97.