{"data":{"id":"us-mi/mich.-comp.-laws-440.8204","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8204","heading":"Restriction on transfer of security.","body":"Sec. 8204.\n\nA restriction on transfer of a security imposed by the issuer, even though otherwise lawful, is ineffective against a person without knowledge of the restriction unless:\n\nThe security is certificated and the restriction is noted conspicuously on the certificate.\n\nThe security is uncertificated and the registered owner has been notified of the restriction.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8204","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"173cc4b8609db303750da5a8fdc502f77c8f909f86f09780be7ec1eb5b628421","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8203","next":"us-mi/mich.-comp.-laws-440.8205"},"notice":"GroundRules: Original legal text. Not legal advice."}