Mont. Code § 30-8-214

Current through the 2023 Regular Session

Section 30-8-214 - 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.

§ 30-8-214, MCA

En. Sec. 40, Ch. 536, L. 1997.