Missouri Laws 400.8-204 – Effect of issuer’s restriction 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
Terms Used In Missouri Laws 400.8-204
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
(2) The security is uncertificated and the registered owner has been notified of the restriction.