§ 8.8A-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.
(1996, c. 216.)
Sections: Previous 8.8A-201 8.8A-202 8.8A-203 8.8A-204 8.8A-205 8.8A-206 8.8A-207 8.8A-208 8.8A-209 8.8A-210 NextLast modified: April 3, 2009