Cooperative Credit Associations Act
Marginal note:Signatures on security certificate
93 (1) A security certificate shall be signed manually
(a) by at least one director or officer of the association,
(b) by or on behalf of a registrar, transfer agent or branch transfer agent of the association, or
(c) by a trustee who certifies it in accordance with a trust indenture,
and any additional signatures required on a security certificate may be printed or otherwise mechanically produced thereon.
Marginal note:No manual signature required
(2) Notwithstanding subsection (1), a manual signature is not required on a security certificate representing a fractional share, on an option or a right to acquire a security or on a scrip certificate.
Marginal note:Continuation of signature
(3) Where a security certificate contains a printed or mechanically reproduced signature of a person, the association may issue the security certificate, notwithstanding that the person has ceased to be a director or an officer of the association, and the security certificate is as valid as if the person were a director or an officer at the date of its issue.
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