NRS 104.8204 Effect of issuer’s restriction on transfer.
66 words·~1 min read·
/nv/chapter-104-uniform-commercial-code-original-articles/104-8204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 104.8204 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 any person without actual 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.