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

Section 71 Disposition versions

2009-01-01

71. A person who guarantees a signature of the originator of an instruction warrants that, at the time of signing,

(1)  the signature was neither forged nor counterfeited;

(2)  if the person specified in the instruction as the registered holder was, in fact, the registered holder at that time, the instruction was effective; and

(3)  the signer had legal capacity to sign.

A person who guarantees a signature of the originator of an instruction does not by that guarantee warrant that the person who is specified in the instruction as the registered holder is in fact the registered holder.

2008, c. 20, s. 71.