13 Pa. C.S. § 8204

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 8204 - 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.

13 Pa.C.S. § 8204

1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.