{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-8-204","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 8-204","heading":"Effect of Issuer's Restriction on Transfer","body":"Section 8--204. Effect of Issuer's Restriction on Transfer.\n  A restriction on transfer of a security imposed by the issuer, even if\notherwise lawful, is ineffective against a person without knowledge of\nthe restriction unless:\n  (1) the security is certificated and the restriction is noted\nconspicuously on the security certificate; or\n  (2) the security is uncertificated and the registered owner has been\nnotified of the restriction; or\n  (3) the restriction is on the transfer of a cooperative interest and\nthe restriction is set forth in the cooperative record.","path":["Uniform Commercial Code Law","Article 8. Investment Securities","Part 2. Issue and Issuer"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/8-204","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"b619ef46eb89ca027fd95715bf6a57e02583e8dcada78da6e0c12561a4eec9a4","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-8-203","next":"us-ny/n.y.-uniform-commercial-code-law-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}