{"data":{"id":"us-nd/n.d.-cent.-code-41-08-20","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-20","heading":"(8-204) 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:\n1.The security is certificated and the restriction is noted conspicuously on the security certificate; or\n2.The security is uncertificated and the registered owner has been notified of the restriction.","path":["Title 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"c7e3d87ff23d5b5eb21a4bcd7e56bac9f756a588561b0290907a514c7943f769","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-19","next":"us-nd/n.d.-cent.-code-41-08-21"},"notice":"GroundRules: Original legal text. Not legal advice."}