GroundRules
AS 45.08.204: Effect of issuer's restriction on transfer.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 08. Investment Securities.
- Article 2. Issue — Issuer.
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.
Collected 2026-09-02T06:19:44Z. Source file · JSON