Government of Canada / Gouvernement du Canada
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Canada Cooperatives Act

Version of section 236 from 2003-01-01 to 2011-11-28:

Marginal note:Not liable if good faith delivery

 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 mandator, pledgor, depositor or principal is not in breach of a fiduciary duty or otherwise liable even though they have no right to dispose of the securities.

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