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2022 Iowa Code
Title XIII - COMMERCE
Chapter 554 - UNIFORM COMMERCIAL CODE
Section 554.8204 - Effect of issuer’s restriction on transfer.
Universal Citation: IA Code § 554.8204 (2022)
554.8204 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.
[C50, 54, 58, 62, §493A.15; C66, 71, 73, 75, 77, 79, 81, §554.8204]
89 Acts, ch 113, §11; 96 Acts, ch 1138, §27, 84
Referred to in §554.8401
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