{"data":{"id":"us-or/ors-78.2040","jurisdiction":"us-or","citation":"ORS 78.2040","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":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 78 — Investment Securities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors078.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"97c9273a7c8d0da26ab87ba6f0ce85c76ce65c6e956dbbddf04e6237763bf620","source_id":"us-or","stale":false,"prev":"us-or/ors-78.2030","next":"us-or/ors-78.2050"},"notice":"GroundRules: Original legal text. Not legal advice."}