2009 Rhode Island Code
Title 6A - Uniform Commercial Code
CHAPTER 6A-8 - Investment Securities
§ 6A-8-204 - Effect of issuer's restriction on transfer.
SECTION 6A-8-204
§ 6A-8-204 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.
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