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Code · Kansas · Chapter 84 — Uniform Commercial Code

84-8-204. Effect of issuer's restriction on transfer.

64 words·~1 min read·/ks/chapter-84/84-8-204

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

84-8-204. Effect of issuer's restriction on transfer. 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:
(a)The security is certificated and the restriction is noted conspicuously on the security certificate; or
(b)the security is uncertificated and the registered owner has been notified of the restriction.
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