Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
186 Unauthorized signature
security before or in the course of issue is ineffective.
(2) An unauthorized signature on a security is effective in favour
of a good faith purchaser if the signature was made by
(a) an authenticating trustee, t ransfer agent or other person
entrusted by the issuer with the duty to sign the security, or
similar securities, or to prepare them for signing, or
(b) an employee of the issuer or a person referred to in claus e
(a) who handles the security in the ordinary course of the
person's duties.