GroundRules
COM § 8204
Where this section sits in the code
- Commercial Code - COM
- DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]
- CHAPTER 2. Issue and Issuer [8201. - 8210.]
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 either of the following applies:
(1) The security is certificated and the restriction is noted conspicuously on the security certificate.
(2) The security is uncertificated and the registered owner has been notified of the restriction.
Collected 2026-09-14T05:56:33Z. Source file · JSON