Massachusetts General Laws ch. 106 sec. 8-204 – Effect of Issuer’s Restriction on Transfer
Current as of: 2023 | Check for updates
|
Other versions
Section 8–204. 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.