Securities Transfer Act Clause Samples
The Securities Transfer Act clause establishes the legal framework governing the transfer of securities, such as stocks or bonds, between parties. It outlines the procedures and requirements for validly transferring ownership, including necessary endorsements, registration, and delivery of certificates or electronic records. By providing clear rules for how securities can be transferred, this clause ensures certainty and reduces disputes over ownership, thereby facilitating smooth and secure transactions in financial markets.
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Securities Transfer Act. Each of the Units shall be a “security” for the purposes of the Securities Transfer Act (Alberta).
Securities Transfer Act. The parties acknowledge and agree that for purposes of the Securities Transfer Act and similar legislation in any other jurisdiction, the securities intermediary’s jurisdiction of BMO InvestorLine with respect to the Account is Ontario, any property, instruments or assets credited to the Account constitute financial assets as defined in the Securities Transfer Act, and the Account constitutes a securities account as defined in the Securities Transfer Act. For greater certainty and for purposes of the laws of the Province of Quebec, the parties acknowledge and agree that the validity, publication and effects of publication of all security on security entitlements and securities forming part of the Collateral in the Account shall be governed by the laws of the Province of Ontario.
Securities Transfer Act. Pursuant to the provisions of the Securities Transfer Act 2006 (Ontario) and comparable legislation in effect in any other Canadian province or territory (collectively, the “STA”), each Unit now outstanding, or hereafter issued by the Partnership shall for all purposes be a “security” within the meaning of the STA and the provisions of the STA shall apply to such Units without exception.
Securities Transfer Act. Pursuant to the provisions of Section 12 of the Securities Transfer Act (British Columbia) (the “STA”), (i) each Unit in the Limited Partnership now outstanding (or hereafter issued) by the Limited Partnership shall for all purposes of the STA be a “security” within the meaning of the STA, and the STA shall apply to each such interest, without exception; and (ii) each Unit Certificate (if any such Unit Certificates are issued) shall include an express endorsement to that effect.