Ark. Code § 4-8-204

Current with legislation from 2024 effective through May 3, 2024.

Section 4-8-204 - 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:

(1) the security is certificated and the restriction is noted conspicuously on the security certificate; or

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

Ark. Code § 4-8-204

Acts 1995, No. 425, § 1.