§ 6A-8-204 - Effect of issuer's restriction on transfer.
SECTION 6A-8-204
§ 6A-8-204 Effect of issuer's restrictionon transfer. – A restriction on transfer of a security imposed by the issuer, even ifotherwise lawful, is ineffective against a person without knowledge of therestriction unless:
(1) the security is certificated and the restriction is notedconspicuously on the security certificate; or
(2) the security is uncertificated and the registered ownerhas been notified of the restriction.