{"data":{"id":"us-la/rs-10-8-204","jurisdiction":"us-la","citation":"RS 10:8-204","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 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74349","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:07Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-la","stale":false,"prev":"us-la/rs-10-8-203","next":"us-la/rs-10-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}