Louisiana Statutes
§ 10:8-204 — Effect of issuer's restriction on transfer
Louisiana § 10:8-204
JurisdictionLouisiana
Title 10Commercial Laws
This text of Louisiana § 10:8-204 (Effect of issuer's restriction on transfer) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 10:8-204 (2026).
Text
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
Guidry v. GULF COAST COIL TUBING
24 So. 3d 1019 (Louisiana Court of Appeal, 2009)
Legislative History
Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan. 1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
Nearby Sections
15
§ 10:8-101
§ 10:8-101§ 10:8-102
Definitions and index of definitions§ 10:8-105
Notice of adverse claim§ 10:8-106
Control§ 10:8-108
Warranties in direct holding§ 10:8-109
Warranties in indirect holding§ 10:8-110
Applicability; choice of law§ 10:8-111
Clearing corporation rules§ 10:8-112
Creditor's legal process§ 10:8-113
Statute of frauds inapplicableCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 10:8-204, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/10%3A8-204.