§ 8204. Effect of issuer's restriction on transfer.
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/pa/title-13/chapter-82/8204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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 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.
13c8204v
Cross References. Section 8204 is referred to in section 8401 of this title.
13c8205s