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

Article 57 Versions de la disposition

2009-01-01

57. The following rules apply to a control agreement regarding an uncertificated security:

1°  the issuer may not enter into a control agreement without the consent of the registered holder;

2°  the issuer is not required to confirm the existence of a control agreement to a third person unless requested to do so by the registered holder;

3°  the issuer is not required to enter into a control agreement even if the registered holder so requests; and

4°  a purchaser who is party to a control agreement is considered to be the representative of the registered holder for the purposes of any instruction.

2008, c. 20, s. 57.