A restriction on transfer of a security imposed by the issuer, even though otherwise lawful, is ineffective against a person without knowledge of the restriction unless the security
(1) is certificated and the restriction is noted conspicuously on the security certificate; or
(2) is uncertificated and the registered owner has been notified of the restriction.
Structure Alaska Statutes
Chapter 08. Investment Securities
Sec. 45.08.202. Issuer's responsibility and defenses; notice of defect or defense.
Sec. 45.08.203. Staleness as notice of defects or defenses.
Sec. 45.08.204. Effect of issuer's restriction on transfer.
Sec. 45.08.205. Effect of unauthorized signature on security certificate.
Sec. 45.08.206. Completion or alteration of certificated security.
Sec. 45.08.207. Rights and duties of issuer with respect to registered owners.
Sec. 45.08.208. Effect of signature of authenticating trustee, registrar, or transfer agent.