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§ 8204. Effect of issuer's restriction on transfer

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 8. Investment Securities (Refs & Annos)
Chapter 82. Issue and Issuer
13 Pa.C.S.A. § 8204
§ 8204. Effect of issuer's restriction on transfer
Currentness
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.

Credits

1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.
13 Pa.C.S.A. § 8204, PA ST 13 Pa.C.S.A. § 8204
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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