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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS

    Chapter 8:

      Section: 12A: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.

L.1997,c.252,s.1.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 12a:8-204 (if available):



Court decisions that cite this statute: CLICK HERE.