Part 7 — Insider Trading
153 Prohibition of short sale
share of the distributing cooperative or any of its affiliates if the
insider selling the share does not own or has not fully paid for the
share to be sold.
(2) No insider shall knowingly, directly or indirectly, buy a put or
sell a call in respect of a share of the distributing cooperative or any
of its affiliates.
(3) Notwithstanding subsection (1), an insider may sell a share that
the insider does not own if the insider owns another share
convertible into the share sold or an option or right to acquire the
share sold and, no later than 10 days after the sale, the insider
(a) exercises the conversion privilege, option or right and
delivers the share so acquired to the purchaser, or
(b) transfers the convertible share, option or right to the
purchaser.