Kansas Statutes

§ 84-8-204 — Effect of issuer's restriction on transfer

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 8 INVESTMENT SECURITIES

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:

(a)The security is certificated and the restriction is noted conspicuously on the security certificate; or
(b)the security is uncertificated and the registered owner has been notified of the restriction.

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Kansas § 84-8-204 (Effect of issuer's restriction on transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

L. 1996, ch. 202, § 47; July 1.

Nearby Sections

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