215. Transfers of securities: meaning.

References in the provisions on accrued income profits1 to the transfer of securities2 are:

  1.  

    (1)     to the transfer of securities by way of sale, exchange, gift or otherwise3;

  2.  

    (2)     to the conversion4 of securities in any case where there is no transfer of the securities within head (1);

  3.  

    (3)     to the redemption of variable rate securities in any case where there has been a transfer of the securities at any time before redemption; or

  4.  

    (4)     to a transaction or event treated as a transfer under specified5 provisions6.

For those purposes:

  1.  

    (a)     a transfer of securities under an agreement takes place