GroundRules
Minn. Stat. § 336.8-204: EFFECT OF ISSUER'S RESTRICTION ON TRANSFER.
Where this section sits in the code
- TRADE REGULATIONS, CONSUMER PROTECTION
- CHAPTER 336. UNIFORM COMMERCIAL CODE
- Revised Article 8 INVESTMENT SECURITIES
- Part 2 ISSUE - 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 2026-09-02T22:10:43Z. Source file · JSON