Canada Business Corporations Act
Marginal note:Right to reclaim possession
72 (1) A person against whom the transfer of a security is wrongful for any reason, including incapacity, may against anyone except a bona fide purchaser reclaim possession of the security or obtain possession of any new security evidencing all or part of the same rights or claim damages.
Marginal note:Recovery if unauthorized endorsement
(2) If the transfer of a security is wrongful by reason of an unauthorized endorsement, the owner may reclaim possession of the security or a new security even from a bona fide purchaser if the ineffectiveness of the purported endorsement may be asserted against such purchaser under section 68.
(3) The right to reclaim possession of a security may be specifically enforced, its transfer may be restrained and the security may be impounded pending litigation.
- R.S., 1985, c. C-44, s. 72;
- 2001, c. 14, s. 135(E).
- Date modified: