{"data":{"id":"us-pa/13-pa.c.s.-8204","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 8204","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":["Title 13 - COMMERCIAL CODE","CHAPTER 82 ISSUE AND ISSUER"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=82\u0026sctn=4\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8203","next":"us-pa/13-pa.c.s.-8205"},"notice":"GroundRules: Original legal text. Not legal advice."}