67 (1) An issuer or a trustee defined in subsection 46 (1) may, subject to sections 95, 96 and 100, treat the registered holder of a security as the person exclusively entitled to vote, to receive notices, to receive any interest, dividend or other payments in respect of the security, and otherwise to exercise all the rights and powers of a holder of the security.  R.S.O. 1990, c. B.16, s. 67 (1). Representatives, etc., may exercise rights of security holder (2) A corporation whose articles or unanimous shareholder agreement restrict the right to transfer its securities shall, and any other corporation may, treat a person referred to in clause (a), (b) or (c) as a registered security holder entitled to exercise all the rights of the security holder that the person represents, if that person furnishes evidence as described in section 87 of the Securities Transfer Act, 2006 to the corporation that the person is, (a)  the executor, administrator, estate trustee, heir or legal representative of the heirs, of the estate of a deceased security holder; (b)  a guardian, attorney under a continuing power of attorney with authority, guardian of property, committee, trustee, curator or tutor representing a registered security holder who is a minor, a person who is incapable of managing his or her property or a missing person; or (c)  a liquidator of, or a trustee in bankruptcy for, a registered security holder.  R.S.O. 1990, c. B.16, s. 67 (2); 2006, c. 8, s. 117 (1); 2006, c. 34, Sched. B, s. 13. Rights where ownership devolves by operation of law (3) If a person upon whom the ownership of a security devolves by operation of law, other than a person referred to in subsection (2), furnishes proof of the person’s authority to exercise rights or privileges in respect of a security of the corporation that is not registered in the person’s name, the corporation shall treat the person as entitled to exercise those rights or privileges.  R.S.O. 1990, c. B.16, s. 67 (3); 2006, c. 8, s. 117 (2). Corporation has no duty to enforce performance (4) A corporation is not required to inquire into the existence of, or see to the performance or observance of, any duty owed to a third person by a registered holder of any of its securities or by anyone whom it treats, as permitted or required by this section, as the owner or registered holder thereof.  R.S.O. 1990, c. B.16, s. 67 (4); 2006, c. 8, s. 117 (3). Repudiation by minor (5) If a minor exercises any rights of ownership in the securities of a corporation, no subsequent repudiation or avoidance is effective against the corporation.  2006, c. 8, s. 117 (4). Joint holders (6) Where a security is issued to several persons as joint holders, upon satisfactory proof of the death of one joint holder, the corporation may treat the surviving joint holders as owner of the security.  R.S.O. 1990, c. B.16, s. 67 (6); 2006, c. 8, s. 117 (5). Registration of executor, etc. (7) Subject to any applicable law of Canada or a province of Canada relating to the collection of taxes, a person referred to in clause (2) (a) is entitled to become a registered holder or to designate a registered holder, if the person deposits with the corporation or its transfer agent, (a)  the original grant of probate or of letters of administration, or a copy thereof certified to be a true copy by, (i)  the court that granted the probate or letters of administration, (ii)  a trust corporation incorporated under the laws of Canada or a province, or (iii)  a lawyer or notary acting on behalf of the person; or (b)  in the case of transmission by notarial will in the Province of Quebec, a copy thereof authenticated under the laws of that Province, together with, (c)  an affidavit or declaration of transmission made by the person stating the particulars of the transmission; (d)  the security certificate that was owned by the deceased holder, (i)  in case of a transfer to the person, with or without the endorsement of that person, and (ii)  in case of a transfer to any other person, endorsed in accordance with section 29 of the Securities Transfer Act, 2006; and (e)  any assurance the issuer may require under section 87 of the Securities Transfer Act, 2006.  R.S.O. 1990, c. B.16, s. 67 (7); 2006, c. 8, s. 117 (6-8). Idem (8) Despite subsection (7), if the laws of the jurisdiction governing the transmission of a security of a deceased holder do not require a grant of probate or of letters of administration in respect of the transmission, a legal representative of the deceased holder is entitled, subject to any applicable law of Canada or a province of Canada relating to the collection of taxes, to become a registered holder or to designate a registered holder, if the legal representative deposits with the corporation or its transfer agent, (a)  any security certificate that was owned by the deceased holder; and (b)  reasonable proof of the governing laws, the deceased holder’s interest in the security and the right of the legal representative or the person the legal representative designates to become the registered holder.  R.S.O. 1990, c. B.16, s. 67 (8); 2006, c. 8, s. 117 (9, 10). Recording in security register (9) Deposit of the documents required by subsection (7) or (8) empowers a corporation or its transfer agent to record in a securities register the transmission of a security from the deceased holder to a person referred to in clause (2) (a) or to such person as that person may designate and, thereafter, to treat the person who thus becomes a registered holder as the owner of those securities.  R.S.O. 1990, c. B.16, s. 67 (9); 2006, c. 8, s. 117 (11). Section Amendments with date in force (d/m/y) 2006, c. 8, s. 117 (1 - 11) - 01/01/2007; 2006, c. 34, Sched. B, s. 13 - 01/08/2007 68.-91 Repealed:  2006, c. 8, s. 118. Section Amendments with date in force (d/m/y) 1994, c. 27, s. 71 (7-10) - 01/03/1995 2006, c. 8, s. 118 - 01/01/2007 PART VII   SHAREHOLDERS