ORS § 78.2040

Current through 2024 Regular Session legislation

Section 78.2040 - 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.

ORS 78.2040

1961 c.726 § 78.2040; 1985 c.676 § 78.2040; 1995 c.328 §20