2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1204. Effect of issuer's restriction on transfer
Part 2: ISSUE AND ISSUER
8-1204. 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: [1997, c. 429, Pt. B, 2 (NEW).]
(1). The security is certificated and the restriction is noted conspicuously on the security certificate; or
[ 1997, c. 429, Pt. B, 2 (NEW) .]
(2). The security is uncertificated and the registered owner has been notified of the restriction.
[ 1997, c. 429, Pt. B, 2 (NEW) .]
SECTION HISTORY
1997, c. 429, B2 (NEW).
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