{"data":{"id":"us-dc/d.c.-code-28-8-204","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-204","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\n(1)\nThe security is certificated and the restriction is noted conspicuously on the security certificate; or\n\n(2)\nThe security is uncertificated and the registered owner has been notified of the restriction.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part II. Issue and Issuer."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-204","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"427ef0a34d63fe8e438fcbfe006996b1ba86fc9081006623f7ac4d849e9d469a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-203","next":"us-dc/d.c.-code-28-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}