Arkansas Statutes
§ 4-8-204 — Effect of issuer's restriction on transfer
Arkansas·Title 4
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.
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Related
Ash v. First Nat'l Bank of E. Ark.
2019 Ark. App. 147 (Court of Appeals of Arkansas, 2019)
Timberland Bancshares, Inc. v. Garrison (In re Lee)
462 B.R. 666 (W.D. Arkansas, 2011)
Legislative History
Acts 1995, No. 425, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions