§490:8-204 Effect of issuer's restriction on transfer. A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless:
(1) The security is certificated and the restriction is noted conspicuously on the security certificate; or
(2) The security is uncertificated and the registered owner has been notified of the restriction. [L 1997, c 33, pt of §2]
Section: Previous 490-8-113 490-8-114 490-8-115 490-8-116 490-8-201 490-8-202 490-8-203 490-8-204 490-8-205 490-8-206 490-8-207 490-8-208 490-8-209 490-8-210 490-8-301 NextLast modified: October 27, 2016