Cal. Commercial Code § 8204
Cal. Commercial Code § 8204
California · California Commercial Code · Status: effective · Effective 1997-01-01
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- Citation
- Cal. Commercial Code § 8204, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790569
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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 either of the following applies:
(1) The security is certificated and the restriction is noted conspicuously on the security certificate.
(2) The security is uncertificated and the registered owner has been notified of the restriction.