LawServer - Laws, Legal Information & Lawyers

Minnesota Statutes > Trade Regulations, Consumer Protection > Chapter 336 > Part 2 > § 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.

History:

1995 c 194 art 1 s 20

Previous section	Part 2 Table of Contents	Next section

________________________________________________________________________

Questions & Answers: Uniform Commercial Code

if someone has a fence put in and cements the poles into the ground are they considered a fixture not to be removed?...

how do you over come a person that is in wrongful possession of the note and is trying to enforce it( foreclosure) ...

The developer of a condominium votes units that have not been built even though there has not been any development for 7 years. The articles of declaration & bylaws specifically s...

Does this code section apply to services as well? If you enter into a contract with a service provider where the services are not determined and therefore the price of said service...

In a short sale is the bank required to counter offer in writing according to Missouri law?...

a company in price served me with a court letter stating i must show up for court and answer questions but i have not been contacted from them at all should they not try to contact...

See also:

Minnesota Statutes Chapter 336 - Uniform Commercial Code