principal

mandator

Canada Business Corporations Act, R.S.C., 1985, c. C-44

75. An agent or bailee who in good faith, including observance of reasonable commercial standards if the agent or bailee is in the business of buying, selling or otherwise dealing with securities of a corporation, has received securities and sold, pledged or delivered them according to the instructions of their principal is not liable for conversion or for participation in breach of fiduciary duty although the principal has no right to dispose of them.

Only common law terminology ("principal") is used in the English version.

The term "mandant" is appropriate for both civil and common law in French.

In the English version, "or mandator" is added.

(Amendment to the English version only)

75. An agent or mandatary or a bailee who in good faith, including observance of reasonable commercial standards if the agent or mandatary or the bailee is in the business of buying, selling or otherwise dealing with securities of a corporation has received securities and sold, pledged or delivered them, according to the instructions of their principal or mandator, is not liable for conversion or for participation in breach of fiduciary duty although the principal has no right to dispose of them.

Federal Law-Civil Law Harmonization Act, No. 3, S.C. 2011, c. 21, s. 38.