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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 - West Virginia Code Chapter 46. Uniform Commercial Code § 46-8-204. Effect of issuer's restriction on transfer - last updated January 01, 2020 | https://codes.findlaw.com/wv/chapter-46-uniform-commercial-code/wv-code-sect-46-8-204/
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