Minnesota Statutes 336.8-204 - Effect of Issuer's Restriction on Transfer
Minnesota Statutes > Trade Regulations, Consumer Protection > Chapter 336 > Part 2 > § 336.8-204. Effect of Issuer's Restriction on Transfer
Current as of: 2010
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.
1995 c 194 art 1 s 20
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