Va. Code § 8.8A-204

Current with changes from the 2024 legislative session through ch. 845

Section 8.8A-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:

(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.

Va. Code § 8.8A-204

1996, c. 216.

Amended by Acts 1996, § c. 216.