Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Cooperatives Act

Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application

214 Right to reclaim possession

Current to 2023-12-07 · Official PDF

(1) A person against whom the transfer of a security is
wrongful, other than by reason of an unauthorized endorsement,
may against anyone except a good faith purchaser
(a) reclaim possession of the security or obtain possession of a
new security evidencing all or part of the same rights, or
(b) claim damages.
(2) If the transfer of a security is wrongful by reason of an
unauthorized endorsement, the owner may reclaim possession of
the security or obtain possession of a new security even from a
good faith purchaser if the ineffectiveness of the purported
endorsement may be asserted against the purchaser under section
209
.
(3) The right to reclaim possession of a security may be
specifically enforced, the transfer of the security may be restricted,
and the security may be impounded pending litigation.