{"data":{"id":"us-il/810-ilcs-5-8-204","jurisdiction":"us-il","citation":"810 ILCS 5/8-204","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":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-203","next":"us-il/810-ilcs-5-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}