CTHRepealedAct
Securities Industry Act 1980
122PCUnauthorised execution of transfer
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##### 122PC Unauthorised execution of transfer
Sections 122PD to 122PK, inclusive, apply where:
(a) a dealer executes a document of transfer of securities (in this Division called the transferred securities) on behalf of a person (in this Division called the transferor) as transferor of the securities; and
(b) apart from the effect of paragraph 194(3)(a) of the Companies Act 1981, the transferor did not authorise the execution (in this Division called the unauthorised execution) of the document.