47-8204. 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.
Section: Previous 47-8113 47-8114 47-8115 47-8116 47-8201 47-8202 47-8203 47-8204 47-8205 47-8206 47-8207 47-8208 47-8209 47-8210 47-8301 NextLast modified: October 13, 2016