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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:
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