Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
164 Contents of certificate
each security certificate issued by a cooperative:
(a) the name of the cooperative;
(b) a statement that the cooper ative is subject to this Act and the
words "Incorporated under the Laws of Alberta" or words to
that effect;
(c) the name of the perso n to whom it was issued;
(d) the number and class of investment shares and the
designation of any series that the certificate represents.
(2) No restriction, charge or agreement described in subsection (3)
is effective against a transferee of a security, issued by a
cooperative or by an extra-provincial cooperative before it is
continued under this Act, who has no actual knowledge of the
restriction, charge or agreement unless it or a reference to it is
noted conspicuously on the security certificate.
(3) The restrictions, charge and agreement referred to in subsection
(2) are
(a) a restriction on transfer other than a constraint under
section 114,
(b) a charge in favour of the cooperative,
(c) a unanimous agreement.
(4) If the issued investment shares of a cooperative are or were
part of a distribution to the public, remain outstanding and are held
by more than one person, the cooperative must not restrict the
transfer or ownership of its investment shares of any class or series
except by way of a constraint under section 114.
2001 cC-28.1 s164;2022 c16 s3(36)