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Canada Cooperatives Act

Version of section 245 from 2011-11-29 to 2022-09-22:

Marginal note:Duty

 An authenticating trustee, transfer agent or other agent or mandatary of an issuer has, in respect of the issue, registration of transfer and cancellation of a security of the issuer,

  • (a) a duty to the issuer to exercise good faith and reasonable diligence; and

  • (b) the same obligations to the holder or owner of a security and the same rights, privileges and immunities as the issuer.

  • 1998, c. 1, s. 245
  • 2011, c. 21, s. 98(F)
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