Oregon Statutes 78.2040 – Effect of issuers 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:
Terms Used In Oregon Statutes 78.2040
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(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. [1961 c.726 § 78.2040; 1985 c.676 § 78.2040; 1995 c.328 § 20]