David Vilaca
“bank” means a bank listed in Schedule I or II Toronto-Dominion Bank Bank of Montreal
Permissible registered holder If a person {which in the bank Act also means NATURAL PERSON} on whom the ownership of a security of a bank devolves by operation of law,{To pass on or delegate to another, To be passed on or transferred to another} other than a person described in subsection (2), provides proof of that person’s authority to exercise rights or privileges in respect of a security of the bank that is not registered in the person’s name, the bank shall, subject to this Act, treat that person as entitled to exercise those rights or privileges.
Printed copy · Anthology Volume 3, page 1404
