GroundRules
Utah Code § 70A-8-204: Effect of issuer's restriction on transfer.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-8 Uniform Commercial Code - Investment Securities
- Part 70A-8-2 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 2026-09-03T11:34:34Z. Source file · JSON