{"data":{"id":"us-wi/wis.-stat.-408.204","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.204","heading":"Effect of issuer’s restriction on transfer.","body":"A restriction on the 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":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER II ISSUE AND ISSUER"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.204","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"83f5b4e15f084a30cfa44823336a740c70b15e3f5dea87e410852a54108262f5","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.203","next":"us-wi/wis.-stat.-408.205"},"notice":"GroundRules: Original legal text. Not legal advice."}