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Chapter 336
Section 336.8-204
Recent History
- 1995 336.8-204 Repealed 1995 c 194 art 1 s 53
- 1995 336.8-204 New 1995 c 194 art 1 s 20
This is an historical version of this statute chapter. Also view the most recent published version.
336.8-204 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-204 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:
Official Publication of the State of Minnesota
Revisor of Statutes