Section 59 — Canada Business Corporations Act: Warranties of agents

A person signing a security as authenticating trustee, registrar, transfer agent or other person entrusted by the issuer with the signing of the security warrants to a purchaser for value without notice that the security is genuine; the person’s acts in connection with the issue of the security are within their authority; and the person has reasonable grounds for believing that the security is in the form and within the amount the issuer is authorized to issue. Unless otherwise agreed, a person referred to in subsection (1) does not assume any further liability for the validity of a security.