R.I. Gen. Laws § 6A-8-204

Current through 2024 Public Law 457

Section 6A-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.

R.I. Gen. Laws § 6A-8-204

P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.