Section 81 — Canada Business Corporations Act: Rights and obligations

An authenticating trustee, registrar, transfer agent or other agent or mandatary of an issuer has, in respect of the issue, registration of transfer and cancellation of a security of the issuer, a duty to the issuer to exercise good faith and reasonable diligence; and the same obligations to the holder or owner of a security and the same rights, privileges and immunities as the issuer. Notice to an authenticating trustee, registrar, transfer agent or other agent or mandatary of an issuer is notice to the issuer with respect to the functions performed by the agent or mandatary.