Cal. Com. Code § 8204

Current through the 2023 Legislative Session.

Section 8204 - 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 either of the following applies:

(1) The security is certificated and the restriction is noted conspicuously on the security certificate.

(2) The security is uncertificated and the registered owner has been notified of the restriction.

Ca. Com. Code § 8204

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.