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

Article 37 Versions de la disposition

2009-01-01

37. A restriction on the transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless

1°  the security is a certificated security and the restriction is noted conspicuously on the security certificate; or

2°  the security is an uncertificated security and the registered holder has received notice of the restriction.

2008, c. 20, s. 37.