§ 62A.8-204. Effect of issuer's restrictions 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 by the restriction.
[1995 c 48 § 20; 1986 c 35 § 11; 1965 ex.s. c 157 § 8-204. Cf. former RCW 23.80.150; 1939 c 100 § 15; RRS § 3803-115; formerly RCW 23.20.160.]
Notes:
Effective date -- 1995 c 48: See RCW 62A.11-113.
Corporations -- Stock certificates -- Limitations: RCW 23B.06.250. Sections: Previous 62A.8-113 62A.8-114 62A.8-115 62A.8-116 62A.8-201 62A.8-202 62A.8-203 62A.8-204 62A.8-205 62A.8-206 62A.8-207 62A.8-208 62A.8-209 62A.8-210 62A.8-301 Next
Last modified: April 7, 2009