Minn. Stat. § 336.8-204

Current through 2023, c. 87

Section 336.8-204 - 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.

Minn. Stat. § 336.8-204