{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-204","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-204","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)\tThe security is certificated and the restriction is noted conspicuously on the security certificate; or\n(2)\tThe security is uncertificated and the registered owner has been notified of the restriction. (1941, c. 353, s. 15; G.S., s. 55-95; 1955, c. 1371, s. 2; 1965, c. 700, s. 1; 1989, c. 588, s. 1; 1997-181, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 2. Issue and Issuer."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-204.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"dbf18d77b3139c644012d8738196c4ab3439f73b0836f11f0e711a624c59a91e","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-203","next":"us-nc/n.c.-gen.-stat.-25-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}