Not necessary to use seal or specify consideration
60(1)Notwithstanding any other enactment, any instrument in paper format made in the form prescribed may be duly executed without seal and without any consideration therefor being specified therein.
Not necessary to use seal or specify consideration
60(2)An instrument executed as described in subsection (1) and every agreement, stipulation and condition therein has the same effect for all purposes as if executed under seal and stating that consideration has been paid.
60(3)Notwithstanding subsection (1), an instrument executed by a corporation, except a caveat or a claim of lien under the
Mechanics’ Lien Act, shall have the corporate seal affixed thereto, if the corporation has a corporate seal.
1983, c.45, s.26; 1998, c.38, s.15; 2006, c.11, s.9