{"data":{"id":"us-vt/9a-v.s.a.-8-204","jurisdiction":"us-vt","citation":"9A V.S.A. § 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) 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 9A: Uniform Commercial Code","Article 008: Investment Securities"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/008","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:56:51Z","sha256":"792f5e48ebd6e3ffb665f094c45821481891353865f0a5c883130547cebe2c7f","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-8-203","next":"us-vt/9a-v.s.a.-8-205"},"notice":"GroundRules: Original legal text. Not legal advice."}