Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Version of section 11 from 2006-03-22 to 2012-08-16:


Marginal note:Guarantee

 The stamp, trace number or other identification constitutes the guarantee of the direct clearer, group clearer or clearing agent of the authenticity of all prior endorsements and of its undertaking to supply any missing necessary endorsements.

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