GroundRules
D.C. Code § 28:8-204: Effect of issuer’s restriction on transfer.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 8. Investment Securities.
- Part II. Issue and Issuer.
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.
Collected 2026-08-29T05:44:07Z. Source file · JSON