In the Canadian Bills of Exchange Act - It is clearly stated that a crossed cheque is a dividend warrant...

It is quite obvious to me, that a cheque inscribed with the words Pay To The Order Of, is a draw in to the treasury... It is not inscribed with only the words Pay.

A draw in to the treasury, for which we get a dividend warrant in exchange... I believe the different warrant is a cash item, an elastic currency in the form of FRN's, not lawful money, legal tender...

But, as always, nothing is spelled out clearly as to how we go about getting our dividend... My gut feeling is telling me to simply issue a chegue made out to cash, and deposit that in to a savings account...

has anybody had experience in this area???