RCW 62A.8-204
114 words·~1 min read·
/wa/title-62a/chapter-62a-8/62a-8-204·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 by the restriction.
[ 1995 c 48 s 20 ; 1986 c 35 s 11 ; 1965 ex.s. c 157 s 8-204. Cf. former RCW 23.80.150 ; 1939 c 100 s 15 ; RRS s 3803-115; formerly RCW 23.20.160 .]
Notes:
Effective date — 1995 c 48: See RCW 62A.11-113 .
Corporations — Stock certificates — Limitations: RCW 23B.06.250 .