{"data":{"id":"us-ar/ark.-code-ann.-4-8-204","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-8-204","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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 8 Investment Securities","Part 2 — Issue and Issuer"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-8-203","next":"us-ar/ark.-code-ann.-4-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}