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:
History. Code 1981, § 11-8-204 , enacted by Ga. L. 1998, p. 1323, § 1.
Law reviews.
For article, “Restricting the Transferability of Stock in Georgia Corporations,” see 5 Mercer L. Rev. 242 (1954).
Structure Georgia Code
Article 8 - Investment Securities
§ 11-8-202. Issuer’s Responsibility and Defenses; Notice of Defect or Defense
§ 11-8-203. Staleness as Notice of Defect or Defense
§ 11-8-204. Effect of Issuer’s Restriction on Transfer
§ 11-8-205. Effect of Unauthorized Signature on Security Certificate
§ 11-8-206. Completion or Alteration of Security Certificate
§ 11-8-207. Rights and Duties of Issuer With Respect to Registered Owners
§ 11-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent