Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
193 Deemed notice of adverse claim
purchaser, is deemed to have notice of an adverse claim if
(a) the security has been endorsed "for collection" or "for
surrender" or for some other purpose other than transfer, or
(b) the security is in bearer for m and has a statement on it that it
belongs to a person other than the transferor.
(2) The mere writing of a name on a security is not a statement for
the purposes of subsection (1)(b).