GroundRules
Wis. Stat. § 408.204: Effect of issuer’s restriction on transfer.
Where this section sits in the code
- Chs. 401-411, Uniform Commercial Code
- Chapter 408 Uniform Commercial Code — Investment Securities
- SUBCHAPTER II ISSUE AND ISSUER
A restriction on the 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 2026-09-05T12:01:22Z. Source file · JSON