§ 6A-8-204. Effect of issuer’s restriction on transfer.
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:
(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.
History of Section.P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-8 - Investment Securities
Section 6A-8-202. - Issuer’s responsibility and defenses — Notice of defect or defense.
Section 6A-8-203. - Staleness as notice of defect or defense.
Section 6A-8-204. - Effect of issuer’s restriction on transfer.
Section 6A-8-205. - Effect of unauthorized signature on security certificate.
Section 6A-8-206. - Completion of alteration of security certificate.
Section 6A-8-207. - Rights and duties of issuer with respect to registered owners.
Section 6A-8-208. - Effect of signature of authenticating trustee, registrar, or transfer agent.