Older Uniform Acts

Securities Transfer Act



DIVISION 8 - SEIZURE

Civil enforcement


55    Subject to any necessary modifications for the purposes of permitting the operation of sections 56 to 60, the laws governing the civil enforcement of judgments apply to proceedings under sections 56 to 60.

Creditor’s legal process; certificated security

56(1)    Except as otherwise provided for in subsection (2) and in section 59, the interest of a judgment debtor in a certificated security may be seized only by actual seizure of the security certificate by an enforcement officer.
(2)    A certificated security for which the security certificate has been surrendered to the issuer may be seized by an enforcement officer giving a notice of seizure in the prescribed form to the issuer at the issuer’s chief executive office.

Creditor’s legal process; uncertificated security

57    Except as otherwise provided for in section 59, the interest of a judgment debtor in an uncertificated security may be seized only by an enforcement officer giving a notice of seizure in the prescribed form to the issuer at the issuer’s chief executive office.

Creditor’s legal process; security entitlement

58    Except as otherwise provided for in section 59, the interest of a judgment debtor in a security entitlement may be seized only by an enforcement officer giving a notice of seizure in the prescribed form to the securities intermediary with whom the judgment debtor’s securities account is maintained.

Creditor’s legal process; secured party

59    The interest of a judgment debtor in any of the following may be seized by an enforcement officer giving a notice of seizure in the prescribed form to the secured party:
(a)    a certificated security for which the security certificate is in the possession of a secured party;
(b)    an uncertificated security registered in the name of a secured party;
(c)    a security entitlement maintained in the name of a secured party.
Assistance by court re creditor
60    A creditor whose debtor is the owner of a certificated security, an uncertificated security or a security entitlement is entitled to aid from a court of competent jurisdiction
(a)    by any proceedings in the nature of injunction or otherwise, in seizing the certificated security, uncertificated security or security entitlement, or
(b)    in satisfying the claim by any means allowed at law or in equity in regard to property that cannot readily be seized by other legal process.

Next Annual Meeting

2020 Annual Meeting

Place to be Announced

August 9 – 13, 2020