Cal. COM § 8204
This is the official text of Cal. COM § 8204, part of California’s Commercial Code — california's version of the Uniform Commercial Code, governing sales, negotiable instruments, and secured transactions.
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Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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