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

Article 79 Versions de la disposition

2009-01-01

79. A person who transfers a certificated security to a purchaser for value otherwise than by endorsement warrants to the purchaser that

1°  the security certificate is neither forged nor counterfeited and has not been materially altered;

2°  the transferor does not know of any fact that might impair the validity of the security;

3°  there is no adverse claim to the security;

4°  the transfer does not violate any restriction on transfer; and

5°  the transfer is otherwise effective and rightful.

2008, c. 20, s. 79.