Ind. Code § 26-1-8.1-204

Current through P.L. 171-2024

Section 26-1-8.1-204 - Restrictions 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.

IC 26-1-8.1-204

As added by P.L. 247-1995, SEC.10.