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Canada Cooperatives Act

Version of section 236 from 2011-11-29 to 2022-09-22:

Marginal note:No liability for acts in good faith

 An agent or mandatary, or a bailee or depositary, who in good faith has received securities and sold, pledged or delivered them according to the instructions of the principal or mandator is not in breach of a fiduciary duty or otherwise liable even though they have no right to dispose of the securities.

  • 1998, c. 1, s. 236
  • 2011, c. 21, s. 97
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