N.Y. UCC Law § 8-204
This is the official text of N.Y. UCC Law § 8-204, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Effect of Issuer's Restriction on Transfer
Official statutory text
Section 8--204. Effect of Issuer's Restriction on Transfer.\n A restriction on transfer of a security imposed by the issuer, even if\notherwise lawful, is ineffective against a person without knowledge of\nthe restriction unless:\n (1) the security is certificated and the restriction is noted\nconspicuously on the security certificate; or\n (2) the security is uncertificated and the registered owner has been\nnotified of the restriction; or\n (3) the restriction is on the transfer of a cooperative interest and\nthe restriction is set forth in the cooperative record.\n
Status: in_force · Read it on the official government site
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