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2012 Utah Code
Title 70A - Uniform Commercial Code
Article 8 - Uniform Commercial Code - Investment Securities
Section 204 - Effect of issuer's restriction on transfer.
Universal Citation:
UT Code ยง 70A-8-204 (2012)
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70A-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.
Repealed and Re-enacted by Chapter 204, 1996 General Session
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