Section 76 — Canada Business Corporations Act: Duty to register transfer

Where a security in registered form is presented for transfer, the issuer shall register the transfer if the security is endorsed by an appropriate person as defined in section 65; reasonable assurance is given that that endorsement is genuine and effective; the issuer has no duty to inquire into adverse claims or has discharged any such duty; any applicable law relating to the collection of taxes has been complied with; the transfer is rightful or is to a bona fide purchaser; and any fee referred to in subsection 49(2) has been paid. Where an issuer has a duty to register a transfer of a security, the issuer is liable to the person presenting it for registration for loss resulting from any unreasonable delay in registration or from failure or refusal to register the transfer.