Full text
No insider may knowingly sell, directly or indirectly, a security of a distributing bank or of any of the distributing bank’s affiliates if the insider does not own or has not fully paid for the security.
Versions of s. 270(2)
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Notwithstanding subsection (1), anNo insider maysellknowingly sell, directly or indirectly, asharesecuritythatof a distributing bank or of any of the distributing bank’s affiliates if the insider does not ownifor has not fully paid for theinsider owns another share convertible into the share sold or an option or right to acquire the share sold and, within ten days after the sale, the insidersecurity. -
Notwithstanding subsection (1), an insider may sell a share that the insider does not own if the insider owns another share convertible into the share sold or an option or right to acquire the share sold and, within ten days after the sale, the insider