N.J.S.A. 12A:8-204

Effect of Issuer's Restriction on Transfer.

12A:8-204. Effect of Issuer's Restriction on Transfer. 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: a. the security is certificated and the restriction is noted conspicuously on the security certificate; or b. the security is uncertificated and the registered owner has been notified of the restriction. L.1997,c.252,s.1.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 12A:8-204, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 12A:8-204 — Effect of Issuer's Restriction on Transfer. | Kyzer