{"data":{"id":"us-al/ala.-code-7-8-204","jurisdiction":"us-al","citation":"Ala. Code § 7-8-204","heading":"Effect of Issuer’s Restriction on Transfer.","body":"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:\n(1) the security is certificated and the restriction is noted conspicuously on the security certificate; or\n(2) the security is uncertificated and the registered owner has been notified of the restriction.","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 2 Issue and Issuer."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-204","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-203","next":"us-al/ala.-code-7-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}