Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 86(2)

B-1.01 — Bank Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2006-11-28 to present available View Source
    Notwithstanding subsection (1), a manual signature is not required onIf a security certificate representingcontains a fractionalperson’s share, on an optionprinted or amechanically rightreproduced signature, the bank may issue the security certificate even if the person has ceased to acquirebe a securitydirector or onofficer of the bank. The security certificate is as valid as if the person were a scripdirector certificate.or officer at the date of its issue.
    Full text

    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.

  2. 2003-01-01 to 2006-11-28 View Source

    Notwithstanding subsection (1), a manual signature is not required on a security certificate representing a fractional share, on an option or a right to acquire a security or on a scrip certificate.