6 Del. C. § 8-204

Effect of issuer’s restriction on transfer.

Last amended: 1997Year: 2026Length: 57 wordsOfficial source
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.
6 Del. C. § 8-204: Effect of issuer’s restriction on transfer. | Justis AI