Ca_Law

statute | California

Commercial Code - COM - COM § 8204

  • UIDca_leginfo_codes:com-8204
  • CitationCommercial Code - COM - COM § 8204
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 either of the following applies: (1) The security is certificated and the restriction is noted conspicuously on the

Text

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 either of the following applies:
(1)
The security is certificated and the restriction is noted conspicuously on the security certificate.
(2)
The security is uncertificated and the registered owner has been notified of the restriction.

Retrieval chunks

  • #1 | Commercial Code - COM - COM § 8204

    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 either of the following applies: (1) The security is certificated and the restriction is noted conspicuously on the security certificate. (2) The secu…