Ky. Rev. Stat. § 355.8-204

Current through 2024 Ky. Acts ch. 225

Section 355.8-204 - Effect of issuer's 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.

KRS 355.8-204

Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 133, effective1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 20, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-204, effective 7/1/1960.