215. Transfers of securities: meaning.

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


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


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


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

For those purposes:


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