Haw. Rev. Stat. § 490:8-204

Current through Act 47 of the 2024 Legislative Session

Section 490:8-204 - 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.

HRS § 490:8-204

L 1997, c 33, pt of §2