Kentucky Statutes 355.8-204 – Effect of issuer’s restrictions on transfer
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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.
Effective: January 1, 1997
History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 133, effective January 1,
1997. — Amended 1986 Ky. Acts ch. 118, sec. 20, effective July 1, 1987. — Created
1958 Ky. Acts ch. 77, sec. 8-204, effective July 1, 1960.
(1) The security is certificated and the restriction is noted conspicuously on the security certificate; or
Terms Used In Kentucky Statutes 355.8-204
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
(2) The security is uncertificated and the registered owner has been notified of the restriction.
Effective: January 1, 1997
History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 133, effective January 1,
1997. — Amended 1986 Ky. Acts ch. 118, sec. 20, effective July 1, 1987. — Created
1958 Ky. Acts ch. 77, sec. 8-204, effective July 1, 1960.