S.C. Code § 36-8-204

Current through 2024 Act No. 225.

Section 36-8-204 - 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.

S.C. Code § 36-8-204

2001 Act No. 67, Section 5; 1991 Act No. 161, Section 1; 1966 (54) 2716; 1962 Code Section 10.8-204.