{"data":{"id":"us-mn/minn.-stat.-336.8-204","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.8-204","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":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","Revised Article 8 INVESTMENT SECURITIES","Part 2 ISSUE - ISSUER"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.8-204","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.8-203","next":"us-mn/minn.-stat.-336.8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}