N.J. Stat. § 12A:8-204

Current through L. 2024, c. 87.

Section 12A: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:

a. the security is certificated and the restriction is noted conspicuously on the security certificate; or

b. the security is uncertificated and the registered owner has been notified of the restriction.

N.J.S. § 12A:8-204

L. 1997, c. 252, s. 1.