Statute · California Commercial Code
Cal. Com. Code § 8204 — Issue and Issuer
Cal. Com. Code § 8204
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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 either of the following applies:
Citator
Cal. Com. Code § 8204 — Issue and Issuer is in force in the current edition of the Code, and nothing recorded condemns it.
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 either of the following applies:
(1) The security is certificated and the restriction is noted conspicuously on the security certificate.
(2) The security is uncertificated and the registered owner has been notified of the restriction.