A restriction on transfer of a security imposed by the issuer, even though otherwise lawful, is ineffective against a person without knowledge of the restriction unless the security
(1) is certificated and the restriction is noted conspicuously on the security certificate; or
(2) is uncertificated and the registered owner has been notified of the restriction.
Section: Previous 45.08.201 45.08.202 45.08.203 45.08.204 45.08.205 45.08.206 45.08.207 45.08.208 45.08.209 45.08.210 NextLast modified: November 15, 2016