GroundRules
O.C.G.A. § 11-8-204: Effect of issuer’s restriction on transfer.
Where this section sits in the code
- TITLE 11 Commercial Code
- Article 8 Investment Securities
- PART 2 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 2026-09-17T18:56:58Z. Source file · JSON
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