Iowa Code § 554.8204
Effect of issuer’s restriction on transfer
Iowa · Iowa Code Chapter 554 — Uniform Commercial Code · Status: effective
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- Citation
- Iowa Code § 554.8204, Effect of issuer’s restriction on transfer, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2272407
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Full text
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.