(1) the security is certificated and the restriction is noted
conspicuously on the security certificate; or
(2) the security is uncertificated and the registered owner has been
notified of the restriction; or
(3) the restriction is on the transfer of a cooperative interest and
the restriction is set forth in the cooperative record.
Structure New York Laws
Article 8 - Investment Securities
8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense.
8-203 - Staleness as Notice of Defect or Defense.
8-204 - Effect of Issuer's Restriction on Transfer.
8-205 - Effect of Unauthorized Signature on Security Certificate.
8-206 - Completion or Alteration of Security Certificate.
8-207 - Rights and Duties of Issuer With Respect to Registered Owners.
8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.