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Bank Act

Version of section 86 from 2006-11-28 to 2021-04-20:


Marginal note:Signatures

  •  (1) A security certificate shall be signed by or bear the printed or otherwise mechanically reproduced signature of at least one of the following:

    • (a) a director or officer of the bank;

    • (b) a registrar or transfer agent of the bank or a branch transfer agent or a natural person on their behalf; or

    • (c) a trustee who certifies it in accordance with a trust indenture.

  • Marginal note:Continuation of validity of signature

    (2) If a security certificate contains a person’s printed or mechanically reproduced signature, the bank may issue the security certificate even if the person has ceased to be a director or officer of the bank. The security certificate is as valid as if the person were a director or officer at the date of its issue.

  • 1991, c. 46, s. 86
  • 2005, c. 54, s. 12
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