CTHRepealedAct
Securities Industry Act 1980
122PEClaim by transferee or sub‑transferee
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##### 122PE Claim by transferee or sub‑transferee
(1) If, as a result of the unauthorised execution, a person, being:
(a) in any case—the transferee in relation to the document; or
(b) if the transferee in relation to the document has disposed of any of the transferred securities—a successor in title of that transferee to any of the transferred securities;
suffers loss in respect of any of the transferred securities, the person may make a claim in respect of that loss.
(2) A person is not entitled to make a claim under this section if the person:
(a) had actual knowledge that the transferor did not in fact authorise the execution; or
(b) is an excluded person in relation to the dealer.