Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
202 Appropriate person
"appropriate", with respect to a person, means that the person is
(a) the person who is specified by the security or by a special
endorsement to be entitled to the security,
(b) if a person described in cl ause (a) is described as a fiduciary
but is no longer serving as one, either that person or the
person's successor,
(c) if the security or endors ement mentioned in clause (a)
specifies more than one person as fiduciaries and one or
more of those persons is no longer a fiduciary, the
remaining fiduciary or fiduciaries, whether or not a
successor has been appointed or qualified,
(d) if a person described in cl ause (a) is an individual and is
without capacity to act by reason of death, incompetence,
minority or other incapacity, the person's fiduciary,
(e) if the security or endors ement mentioned in clause (a)
specifies more than one person with right of survivorship
and by reason of death not all of the persons can sign, the
survivor or survivors,
(f) a person who has the legal power to sign, or
(g) to the extent that a person described in clauses (a) to (f) may
act through an agent, the person's authorized agent.
(2) The authority of an appropriate person signing is determined as
of the time of signing.