§46-8-204. Effect of Issuer's Restriction on Transfer

WV Code § 46-8-204 (2019) (N/A)
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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.