Effect of Issuer's Restrictions on Transfer.

  1. Law
  2. Oklahoma Statutes
  3. Commercial Code
  4. Effect of Issuer's Restrictions on Transfer.

Checkout our iOS App for a better way to browser and research.

Effect of Issuer's Restrictions 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.

Added by Laws 1961, p. 154, § 8-204. Amended by Laws 1984, c. 76, § 13, eff. Nov. 1, 1984; Laws 1995, c. 242, § 20, eff. Feb. 1, 1996.


Download our app to see the most-to-date content.