Part 9 — Security Certificates, Registers and Transfers Division 1 Interpretation and Application
215 Right to requisites for registration
supply a purchaser with proof of the transferor's authority to
transfer a security or with any other requisite that is necessary to
obtain registration of the transfer of a security, but if the transfer is
not for value, it is not necessary for the transferor to provide proof
of authority to transfer unless the purchaser pays the reasonable
and necessary costs of the proof and transfer.
(2) If a transferor fails to comply with a demand under subsection
(1) within a reasonable time, the purchaser may reject or rescind
the transfer.