Delaware Code Title 6. Commerce and Trade § 8-204. Effect of issuer's restriction on transfer
Current as of January 01, 2022 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 8-204. Effect of issuer's restriction on transfer - last updated January 01, 2022 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-204-nr8/
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