Section 62 — Canada Business Corporations Act: Staleness as notice of adverse claim

An event that creates a right to immediate performance of the principal obligation evidenced by a security or that sets a date on or after which the security is to be presented or surrendered for redemption or exchange is not of itself notice of an adverse claim, except in the case of a purchase after one year from any date set for such presentation or surrender for redemption or exchange; or after six months from any date set for payment of money against presentation or surrender of the security if funds are available for payment on that date.